SIX’s Connexor service has become the latest digital market partner to join Clearstream’s D7 platform. The move is a response to the German Electronic Securities Act (eWpG) introduced in 2021, which mandated that book entries by issuers of financial instruments be standardised and digitalised. By connecting its flagship service for reference data to Deutsche Börse’s platform for digitising financial instruments, the Swiss exchange will facilitate the issuance of electronic securities.
SIX claimed in a statement that the partnership expands its position as a “one-stop shop for international reference data processing in Europe and Asia, offering access to a holistic solution to issuers and financial institutions across different countries and jurisdictions”. Instead of constructing their own direct interfaces, issuers can now simplify their reporting obligations by accessing D7 via Connexor. The aim is to reduce complexity, minimise the need for maintenance-intensive interfaces, and provide more streamlined product lifecycle management through automation.
The connection between the two platforms is expected to be activated in the second half of 2024.
