SIX has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics, and solutions for financial market participants.
The acquisition, which closed 27 March and the details of which have not been disclosed, is designed to bolster SIX’s data offering, with FactEntry’s fixed income data sets, including reference data and corporate actions complementing SIX’s existing cross-asset data capabilities.
Marion Leslie, head of financial information at SIX and a member of the board, said, “The acquisition of FactEntry is a significant step forward in our strategic growth plans. FactEntry’s expertise and data offerings will greatly enhance our fixed income data capabilities and enable us to provide even greater value to our customers.”
“This acquisition represents a significant milestone in our plans to broaden the breadth and depth of our cross-asset content”, Leslie added. “By combining FactEntry’s expertise with our own, we are creating a truly compelling global cross-asset data provider for the front, middle, and back office.”
The acquisition of FactEntry also brings expertise in data collection and processing, which the firm said will aid its ability to provide regulation-ready content and support the enhancement of ESG, funds and index content, further expanding the company’s reach across the financial industry.
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