SIX Launches Market Signal to Democratize Real-Time European Market Data

Quick Summary

SIX Market Signal is a new API-based data marketplace providing affordable, real-time European market data to institutional and retail traders. By combining order book data from SIX Swiss Exchange, BME, and 16 Aquis Exchange markets, it democratizes access to high-quality financial insights for compliance, wealth management, and AI training.

How Does SIX Market Signal Improve Data Accessibility?

SIX Market Signal solves the problem of expensive data silos by offering an API-driven solution that extends real-time insights beyond the traditional trading desk. Historically, high-fidelity exchange data was reserved for execution desks, but this platform enables wealth management and compliance teams to access the same quality of information. By leveraging viaNexus technology, the service ensures seamless cloud delivery and entitlement management for diverse professional functions.

• Real-time price streaming for benchmarking and reporting.
• Full licensing rights for training AI agents and quantitative models.
• Cloud-native API delivery for rapid fintech integration.

What Markets Are Covered by the 1BBO Data Stream?

The flagship European market data offering, known as 1BBO, provides comprehensive coverage of cash equity securities across the continent. It aggregates the best bid and ask prices from the SIX Swiss Exchange and BME Exchange (Spain), while incorporating data from 16 European markets serviced by Aquis Exchange. This consolidation allows users to view a broad spectrum of liquidity without managing multiple direct exchange feeds, which are typically reserved for high-frequency market makers.

• 16 European markets covered via Aquis Exchange integration.
• Direct orderbook data from Switzerland and Spain.
• Historical and intraday datasets available for backtesting.

How Does This Level the Playing Field for Retail Investors?

For the first time, retail investors gain direct exchange access to institutional-grade data that balances cost and speed. SIX Market Signal is designed to remove traditional barriers that prevented everyday traders from accessing reliable price insights. While Swiss retail investors can subscribe immediately, the rollout will soon expand to include retail participants in the EU and UK, providing them with the tools necessary to make informed decisions in a competitive market environment.

"With Market Signal, SIX is removing the barriers when accessing high‑quality exchange data across European capital markets. By leveraging our European footprint, we enable a broader set of market participants to gain timely, reliable price insights that support informed decisions." said Santiago Ximenez, Head Data & Connectivity, Exchanges, SIX.

FF NEWS TAKE:

This move by SIX significantly moves the needle by challenging the high-cost monopoly of European market data. By targeting non-trading functions and retail users through a flexible API, SIX is positioning itself as a modern infrastructure provider rather than just a traditional exchange. The inclusion of AI training rights is a masterstroke, acknowledging that the future of finance lies in data-hungry algorithms rather than just human eyes.