SIX unlocks global access to CO:RE repo data through MDDX feed
06 January 2025 Switzerland
Image: WrightStudio/stock.adobe.com
SIX Swiss Exchange has made the SIX interbank repo market data available globally via its Multi-Dimensional Data fluX (MDDX) interface.
Jan Z眉rcher, head of market data, says: 鈥淭he integration of CO:RE data into MDDX unlocks new opportunities for market participants globally, enriching our information product portfolio with comprehensive money market data solutions.鈥�
The CO:RE platform is a multi-currency trading hub designed to support primary auctions, liquidity management, and risk reduction through collateral management tools.
To facilitate this global expansion, SIX introduced data packages via MDDX data feed consisting of real-time updates of individual quote changes and comprehensive data on public quote executions.
These packages are accessible for and from data vendors under the Market Identifier Code (MIC) 鈥榅REP鈥�.
During the initial rollout phase, data vendors can deliver this information to subscribers free of charge, including non-display usage.
According to SIX, this new integration enables market participants to gain real-time access to actionable repo market data, enhance liquidity management and regulatory reporting, as well as use advanced analytics for better decision-making.
Nerin Demir, head of repo and collateral management, adds: 鈥淭his initiative demonstrates our commitment to excellence and transparency in the repo market.鈥�
In December, Comyno and SIX partnered on the integration of the CO:RE platform via C-ONE Connectivity solution.
Jan Z眉rcher, head of market data, says: 鈥淭he integration of CO:RE data into MDDX unlocks new opportunities for market participants globally, enriching our information product portfolio with comprehensive money market data solutions.鈥�
The CO:RE platform is a multi-currency trading hub designed to support primary auctions, liquidity management, and risk reduction through collateral management tools.
To facilitate this global expansion, SIX introduced data packages via MDDX data feed consisting of real-time updates of individual quote changes and comprehensive data on public quote executions.
These packages are accessible for and from data vendors under the Market Identifier Code (MIC) 鈥榅REP鈥�.
During the initial rollout phase, data vendors can deliver this information to subscribers free of charge, including non-display usage.
According to SIX, this new integration enables market participants to gain real-time access to actionable repo market data, enhance liquidity management and regulatory reporting, as well as use advanced analytics for better decision-making.
Nerin Demir, head of repo and collateral management, adds: 鈥淭his initiative demonstrates our commitment to excellence and transparency in the repo market.鈥�
In December, Comyno and SIX partnered on the integration of the CO:RE platform via C-ONE Connectivity solution.
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