The geographic expansion of CONNEXOR is in line with the mandate of SIX to provide financial market participants with innovative, value-adding services. It supports the Swiss banking community active in Asia as well as international market participants by fulfilling their need for data efficiency. This allows shareholders and clients of SIX to leverage their established set-ups in local markets outside of Europe and in return benefit from synergies and scale.
Significant Growth Potential Beyond Structured Products
Moving forward, CONNEXOR is targeting further international growth in terms of markets, users, use-cases and applications as well as financial instruments. The Swiss Stock Exchange is currently in dialogue with many more market participants, and CONNEXOR has already started to expand beyond structured products to encompass fixed income, Exchange Traded Products (ETPs) and even Life-Insurance policies.
A 10 Year Success Story
CONNEXOR has seen tremendous growth since its inception in 2009, with more than one million newly issued structured products flowing onto the platform each year, corresponding to around 5,000 new product submissions on a daily basis. In 2019 CONNEXOR supported the sourcing and distribution of around 15 million product updates, representing approximately 50,000 fully automated lifecycle events every day. Moreover, the platform fully supports regulatory requirements such as PRIIPs/KIDs, MiFID II, IRS 871m along with Switzerland’s incoming Financial Services Act.
CONNEXOR first demonstrated its global potential in 2017 when the SIX entered into a strategic partnership with Contineo, a leading multi-issuer platform for structured products in Asia based in Hong Kong. Contineo was launched in January 2015 and is an industry-supported, open network for private banks and wealth management firms to access issuers of structured products.