SIX has released an automated software application called SIX Bot that is based on the company’s corporate actions data and allows financial markets professionals to ask intuitive questions relating to corporate actions events.
The application provides the latest information on more than 70 corporate action event types to over 600,000 financial market professionals on Symphony, a market infrastructure and technology platform. Real-time data sharing platform ipushpull is used to enable chat and data integration with Symphony for SIX Bot.
SIX Bot follows the launch of the SIX Corporate Action Calendar in September this year, which allows clients to reliably track and monitor upcoming corporate action events.
Commenting on the release of SIX Bot, Annelotte De Nanassy, senior product manager, Financial Information at SIX, says: “To manage the increasing complexity and volume of corporate actions in today’s financial markets, there must be more automation. The SIX Bot will optimise workflow within corporate actions teams, offering higher operational efficiency. This puts firms in a better position to service their clients.”Robert Friend, head of market solutions products and partnerships at Symphony, adds: “By partnering with SIX, we will bring its corporate actions Bot to Symphony’s 600,000-plus user community. The bot will transform a manual, time consuming and error prone process into a real time on-demand one, supporting the market and regulatory need for fast access to quality data.”
The SIX Bot is a response to increasing industry demand for greater automation of corporate action processes. It will speed up operational tasks by integrating into existing team workflows, and through simple requests with a corresponding ISIN code, it will return corporate actions data, including the relevant event type, key dates and history, and remove dependency on human intervention on every request. By alleviating pressure on increasingly stretched front and back-office personnel, the tool will free up time for teams to focus on higher value tasks.
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