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