Global financial information provider Six has launched a new family of global equity indices tailored for the retail, private banking and asset management sectors.
The new indices respond to the growing demand from financial institutions for clearer insights into stock and market performance. These indices enable financial institutions to offer customers a straightforward digital portal for viewing equity investments, significantly reducing administrative burdens by consolidating data sources.
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Six utilises API technology to provide financial institutions with real-time pricing and performance data, eliminating the need for multiple data providers. According to the provider, this enhances the ability of financial institutions to offer comprehensive data sets to their customers efficiently.
The indices include the Six World and the Six Broad & Blue-Chip Indices. The Six World Indices aim to represent major geographic regions and are reviewed semi-annually, while the Six Broad & Blue-Chip Indices focus on capturing key companies from various geographic or economic areas, with reviews set individually. Both sets of indices are weighted by free-float market capitalization and are calculated in USD, EUR and CHF.
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Dr. Christian Bahr, head index services, financial information, SIX, commented: “Establishing a strong presence across the banking sector is paramount for recognition as a key player in global indices and global market data. With the relentless growth of passive investing, this has become increasingly important in recent years. Many financial institutions are in the process of renewing their online banking products, including their own websites and apps.”
