Stockholm, Oslo, Zurich - SIX Financial Information, a global provider of top-quality reference data, market data and value-added services, and Infront, a leading trading and information solution provider in the Nordics, today announced their future collaboration. The aim is to provide a better service for their customers in Sweden, Denmark, Finland and Norway.
The partnership offers customers united expertise by combining Infront’s cutting-edge financial terminal technology with the high-quality 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. This model also extends to current Infront customers, who will receive SIX data going forward.
Furthermore, the news agency SIX News and its staff merge with Nyhetsbyrån Direkt to create the leading financial news agency in the Nordics, owned by the Infront group. SIX will be a redistributor of news from Nyhetsbyrån Direkt in order to serve SIX customers with high quality real-time news for the Swedish market.
For SIX, the partnership is part of its strategic move to run its business with a global functional governance, and shift to a uniform worldwide offering. Its Nordics organization will now be integrated into this new set-up, and the withdrawal of Edge technology and in-house news production allows the Nordics organization and its staff to expand in servicing clients with global products. Furthermore, the partnership will broaden its customer base in the Nordic market and strengthen the position of SIX as a leading data provider in this region.
Infront gains a unique position in the Nordics with the most comprehensive base of reference and market data, leading financial news and the best financial terminal on the market. Together with its prevalent Nordic estimates and analytics solutions, this contributes to making Infront one of the major Fintech players in Europe.
Infront and SIX will cooperate closely to ensure a smooth transition for end users of SIX Edge and Starweb. In the upcoming weeks, all customers will be contacted to plan the upgrade to the new Infront terminal.
"I am very happy that our Nordics region will now be fully integrated into our global organization and its offering. Our aim is to leverage our strong global position to provide the financial industry in the Nordics with the highest quality data and related services. The combination of SIX data and Infront technology will be of high value to our mutual customers”, states Robert Jeanbart, 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”, concludes Kristian Nesbak, CEO of Infront.