Barclays has entered into a new multi-year strategic agreement with SIX, a global provider of financial data and market infrastructure. The partnership will provide Barclays’ various business units—including investment banking, retail banking, wealth management, and corporate services—with access to SIX’s suite of financial data products.
The agreement extends an existing relationship between the two companies. Under the new terms, Barclays will also contribute to the product strategy and development of new data and analytical products alongside SIX. Both organizations plan to work together on innovative solutions for customers. The services from SIX include real-time market data, wealth management tools, regulatory reporting solutions, and cross-asset data coverage.
Georges Lauchard, Global Markets and Wholesale Lending COO at Barclays, stated: “SIX has been a valuable partner to Barclays over recent years, and it will continue to be so at this incredibly exciting chapter of the company’s growth. Accelerating our digital transformation with the help of leading market data vendors like SIX is a central tenet of our expansion strategy, and we are excited to bring innovative new products and services to our global client base over the coming months.”
John McManus, Global Head of Sales and Partners for Financial Information at SIX, said: “We are thrilled SIX will continue to play such a pivotal role in Barclays’ impressive growth story. As banks face immense pressure to curb costs amid an increasingly uncertain economic environment, harnessing the smartest financial data will be essential in protecting margins and laying the foundations for growth. This partnership is a testament to the strong foundations of our relationship that has been built on trust, commitment and collaboration.”
Barclays describes itself as a diversified bank aiming to lead UK-centered global finance through its five divisions: UK consumer banking, corporate banking, wealth and private banking franchises, investment banking, and US consumer banking. More information about Barclays can be found on its website at home.barclays.