SIX Financial Information, a provider of reference data, market data and added value services, has partnered with Infront, a trading and information solution provider in the Nordics.
The JV will service clients in Sweden, Denmark, Finland and Norway.
The partnership combines Infront’s financial terminal technology with the global reference and market data of SIX.
Users of SIX Edge and Starweb will be migrated to the Infront terminal powered by the extensive database of SIX. The partnership extends to Infront clients who will receive SIX data going forward.
The news agency SIX News will merge with Nyhetsbyrån Direkt to create a leading financial news agency in the Nordics, owned by the Infront group. SIX will be a redistributor of news from Nyhetsbyrån Direkt to serve SIX clients with high quality real-time news for the Swedish market.
Infront and SIX Financial Information will cooperate closely to ensure a smooth transition for end users of SIX Edge. In the upcoming months, all customers will be contacted to plan the upgrade to the new Infront terminal.
SIX Financial Information will be able to further expand its client base in the Nordic market and strengthen its position as a data provider in this region while relying on Infront’s technology. The move also allows SIX to better focus on its core business.
Infront gains a unique position in the Nordics with a comprehensive base of market data, financial news and one of the best financial terminals. Together with its Nordic estimates and analytics solutions, this contributes to making Infront one of the major Fintech players in Europe.
"Our aim is to provide the financial industry in the Nordics with the highest-quality data while focusing on our core business. The combination of SIX data and Infront technology will be of high value to our mutual clients,” says Robert Jeanbart (pictured), division CEO SIX Financial Information.
“Being in a highly competitive market with strong global players, we see the need to cooperate to create one leading Nordic player of financial terminals. This is a great opportunity to strengthen our efforts in the Nordic countries and build more local knowledge and expertise. Our superior technology in the Infront terminal, together with better content and additional exchanges, strengthen our position as the number one choice for Nordic finance professionals,” says Kristian Nesbak, CEO of Infront.
