More efficiency. More quality. More transparency.
CONNEXOR - the gold standard for reference data
With CONNEXOR, SIX Group meets the challenges related to the maintenance, processing and
use of reference data during the entire life cycle of a financial instrument and affords
all entities involved in the value chain increased efficiency, better quality and higher
transparency.
Market participants are currently impelled to transmit reference data repeatedly and in
different data formats and to consolidate and reconcile the data upon their receipt. These
media breaks result in insufficient data quality, inconsistent databases, misinterpretations
and delayed data distribution. The impacts: personnel and cost intensive data reconciliation,
rectification of errors, operational risks and a weakened reputation of the market participants
and the entire financial center.
This is where CONNEXOR comes into play: At the heart of the web-based infrastructure is the
standardized and digitalized capture and maintenance of all data related to the life cycle of
a financial instrument at the place where those data originate, namely the issuer. After
intensive quality testing, the reference data is made available and disseminated to all
stakeholders along the value chain of a financial instrument - fully automated and via
standardized interfaces. Issuers, financial institutions, data vendors and subvendors, stock
market, clearing and settlement organizations, public authorities, investors, asset managers
and other reference data users gain greater efficiency, first-rate reference data quality and
more transparency.
The unique advantages of CONNEXOR at a glance
Consistently high quality of reference data in every phase of the product life
cycle
CONNEXOR ensures that reference data is exclusively captured at the point of origin, namely
the issuer. Syntactic and semantic validation rules facilitate the correct input of data.
The descriptive characteristics and conditions and the event notifications related to a
financial instrument are entered and administered centrally by the issuers.
Efficiency gains and cost savings thanks to straight through processing
The centralized input of reference data by the issuers is the only manual operation required.
The distribution and further processing of the data is fully automated. This allows issuers to
considerably simplify their processes and to reduce the interfaces within their systems, which
results in significant efficiency gains and cost savings. These advantages also benefit receivers
of reference data such as data vendors, asset managers or public authorities.
Timely delivery of data directly from the source
CONNEXOR ensures that reference data is automatically and immediately distributed to all relevant
market participants in unified form and via standardized interfaces. The receivers and users of
the data can easily be connected to the infrastructure based on the universal format XML, for instance.
Comparability thanks to unified reference data
Issuers enter the reference data in standardized format. The unified input and output format
allows for easy comparison of the reference data and hence higher transparency. CONNEXOR thus
offers data receivers, such as investors or asset managers, a comprehensive and reliable basis
for efficient and well-founded investment decisions.
CONNEXOR creates a new standard for reference data, which underlines the commitment of SIX Group
to continually enhance the efficiency and quality of the financial market infrastructure and
increase the competitive strength of the Swiss financial market and its participants on a
sustainable and long-term basis. CONNEXOR is a service offered by SIX Swiss Exchange Ltd, SIX Exfeed Ltd,
SIX SIS Ltd and SIX Telekurs Ltd, all of which are subsidiaries of SIX Group Ltd.
| 
