Switzerland-based financial data vendor, SIX Financial Information, has launched a new Income Distribution Service with the aim to provide timely dividend information.
The service was launched after consultation with fund experts and software developers as an extension to SIX Financial Information’s FundsFast module.
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In conjunction with an industry working group, the new Income Distribution Service now provides financial institutions with a managed service for "timely and reliable" dividend information.
According to Six Financial, data teams at the firm manage each instrument universe using a monitoring tool developed specifically for this purpose, and the teams liaise directly with fund administrators and managers to ensure the reception of up to date distributions as soon as they are available.
This new solution offers a selection of data fields and flexible delivery times with intraday delivery at least 15-minute intervals.
SIX Financial Information UK MD, Martin Cole, said: "By involving end users in the solution design process, we have developed a service which corresponds precisely to what the industry wants."
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