SIX Financial Information has been crowned Best Overall Data/Service Provider for the first time at the Waters Technology Inside Market Data and Inside Reference Data awards. The data vendor also took home the Most Innovative Regulatory Solution, in addition to being named Best Corporate Actions Provider for the eighth consecutive year.

The awards are designed to recognize those firms leading the way in the market data, reference data and enterprise data management industry. The winners are chosen by an independent judging panel of financial institution professionals, therefore providing an accurate picture of true market sentiment.

In recent years SIX Financial Information has used its core expertise in reference data to develop data and services to help financial institutions respond to regulations. Thanks to a highly-structured data model, SIX data feeds integrate intelligent cross-referencing to data required for regulatory compliance. This has allowed the company to launch new services that help firms meet IRS 871(m), CRS/AEoI, global sanctions and investor protection rules.

The Sanctioned Securities Monitoring Service, which won Most Innovative Regulatory Solution, is a specialist single-source service for firms who need a daily list of securities and issuers affected by global sanctions. The service delivers easy-to-read information about controlling persons and why a security is sanctioned – enabling firms to make sure they don’t carry out trades with black-listed countries or individuals, while avoiding costly data processing and research.

Robert Jeanbart, Division CEO SIX Financial Information said: “To be independently recognised in three separate categories reinforces our commitment to investing in product development. As the global regulatory landscape evolves, innovation is key to ensuring that market participants adjust seamlessly to new rules. Against the backdrop of pressing compliance challenges, we will continue our innovative approach to help financial institutions reduce their bottom line costs and focus on differentiating business activities.”