SIX, the data aggregator and operator of financial exchanges in Switzerland and Spain, has launched a new API to accelerate the update of databases and security masters.
The faster data transfer system is designed to enable clients to access and process larger volumes of information, reducing the total cost of data ownership, the Zurich-based organisation said.
The SIX Bulk API is built to ensure market participants have the most up-to-date data to better inform investment, trading, banking, risk management and compliance decision making and reduce processing times from hours to minutes.
Data is delivered through the API in JSON format and can be integrated into multi-threaded Python- or Java-based applications, SIX said in a statement.
“The launch of SIX Bulk API marks a significant milestone in our commitment to innovation and excellence in financial data management,” said SIX Head of Product Development Henk D’Hoore.
“It allows our customer to gain instant access to large data sets and supports super-fast initial load and delta deliveries into their security masters. Financial institutions who wish to move away from traditional file transfer services can now take full control by opting for SIX Bulk API instead.”
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