SIX announced the launch of an Independent Valuation Service (IVS) for financial instruments. IVS was created along with software company Avaloq and addresses international financial markets’ need for end-of-day product valuations from an independent source, which facilitates client reporting, risk management, and continuous benchmarking.
The IVS API integrates valuations and risk figures for structured products across financial markets, using different pricing engines and real-time data analysis along with automated coverage checks for availability and cost transparency of each product.
Product valuations are pivotal for asset and risk managers, custodians as well as other financial institutions, guiding investment decisions, risk management, compliance, and reporting procedures. Drawing on trusted and unified data sources, these valuations offer simplification, stability and transparency amid complex investment processes and demanding regulatory requirements especially for securitized derivatives.
Francesco Marcon Fiastri, head of Sales for Structured Products & CONNEXOR at SIX Swiss Exchange, said in a statement: “The launch of this service marks another important milestone for our CONNEXOR offering, a comprehensive solution around financial products data.”
Andreas Diener, head Business Strategy and Offering Wealth Products at Avaloq, said in a statement. “Our partnership with SIX to develop the Independent Valuation Service demonstrates our commitment to providing cutting-edge solutions that simplify investment processes and enhance decision-making capabilities for our clients.”