SIX leverages Megaport’s private network backbone to launch SIX Connect

Rick Steves

According to a survey by SIX in partnership with Coalition Greenwich, while 64% of respondents foresee cloud technology as the dominant market data delivery method in the next three to five years, the current industry cloud adoption rate sits at just 30%.


SIX has announced its collaboration with Megaport, a leading Network as a Service provider, to launch SIX Connect, a service that aims to bolster cloud connectivity options for its clientele.

Effective immediately, the service will cover over 100 cloud regions and hundreds of data centers across North America, Europe, and the Asia Pacific.

Access to Megaport’s global private network backbone

The move is part of SIX’s broader strategy to offer unparalleled flexibility in data access to its clients. SIX Connect will enable secure, rapid connectivity to SIX’s comprehensive suite of data services via both cloud and physical data centers. This includes streaming, web, and file-based data services extensively employed by top buy and sell-side institutions worldwide.

Henk D’Hoore, global head of product development, Financial Information, at SIX, highlighted the significance of the service: “This represents a leap forward, not just for SIX but for the entire financial community we serve. Customers continue to explore and adopt cloud to accelerate development cycles and optimize workflows. They prefer to partner with an information provider who can offer seamless and instant access to financial information, irrespective of their choice of cloud provider or region.”

According to a survey by SIX in partnership with Coalition Greenwich, while 64% of respondents foresee cloud technology as the dominant market data delivery method in the next three to five years, the current industry cloud adoption rate sits at just 30%. SIX Connect aims to close this gap by offering cost-effective, private cloud access across major platforms including AWS, Microsoft Azure, Google Cloud, and Oracle Cloud, thereby eliminating the need for clients to overhaul existing technology stacks.

Mylene Dupaya, Head of Marketing and Product at Megaport, also weighed in: “We’re excited to be announcing our partnership with SIX for the launch of SIX Connect, which will give customers access to Megaport’s global private network backbone and to expand their connectivity options.”

SIX’s new offering could be a game-changer in terms of market data accessibility and cloud adoption in the financial sector. By coupling with Megaport’s global network capabilities, SIX is essentially streamlining the process for market participants to access critical financial data, regardless of their cloud provider. This is expected to spur further adoption of cloud services in the industry, opening doors for new entrants who previously found the connectivity options too limited or cost-prohibitive.

Read this next

Digital Assets

JPMorgan’s stablecoin ventures into interbank transactions

JPMorgan Chase & Co.’s proprietary digital token, JPM Coin, is set to expand its use case by facilitating interbank transactions on Partior, a blockchain ledger developed in collaboration with DBS Bank, Temasek, and Standard Chartered.

Retail FX

Interactive Brokers’ client base surges past 2.5 million

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.89 million daily average revenue trades, or DARTS, in November 2023 compared to 1.93 million transactions in the prior month. The figure is three percent lower on a yearly basis, and also dropped slightly from a month earlier.

Executive Moves

Andrew Gibson launches TimberFX brokerage brand in Cyprus

After nearly two years at Tavira Securities as Head of Product Development, industry veteran Andrew Gibson is launching a new FX brokerage business based out of Cyprus.

Market News

US Dollar’s Trajectory Amidst Seasonal Trends and Economic Indicators in December 2023

As we traverse the final stretch of 2023, the noteworthy depreciation of the US dollar dominates the financial landscape

Inside View

Unlocking the Financial Potential of SMEs: Is FinTech the Key?

The rise of the gig economy for early-stage startups and freelancers has highlighted the increasing importance of small-scale business transactions and banking requirements. Unfortunately, this has also exposed a significant gap in the SME banking landscape.

Digital Assets

South Africa’s FSCA receives 138 crypto license applications

The Financial Sector Conduct Authority (FSCA) of South Africa is currently processing a slew of applications from cryptocurrency companies seeking operational licenses.


Exclusive Interview with Greg Rubin, Head of Axi Select: Unveiling the Future of Capital Allocation in the Financial World

Today, we are thrilled to kickstart another series of exclusive interviews with top executives in the financial services industry, hosted by our FinanceFeeds Editor-in-Chief, Nikolai Isayev. Our next guest is none other than Greg Rubin, the mastermind behind Axi Select.

Digital Assets receives UK’s EMI license, paving way for regulated expansion

Cryptocurrency exchange has been authorized as an Electronic Money Institution by the United Kingdom’s Financial Conduct Authority (FCA).

Digital Assets

Ripple’s Metaco joins Zodia Custody’s network for connectivity with Layers 0 and 1

“As the industry undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and connect institutional digital asset flows — an essential step in forging use cases that transcend individual companies.”