Six

What Six does

SIX Group operates regulated financial market infrastructure across multiple European jurisdictions, anchored by the SIX Swiss Exchange and the BME Exchange in Spain. The company's core products include exchange trading, listing, and market data services for securities and ETFs, the bLink open banking platform that enables standardized API-based data exchange between banks and third-party software, and a portfolio of financial data products sold to institutional clients. Technology backbone includes a planned harmonized trading platform powered by the Aquis Equinox matching engine, targeted for 2027 launch across both venues to provide unified market access and liquidity.

The business serves banks, asset managers, ETF issuers, and corporate listing clients through direct enterprise sales and strategic partnerships. Revenue is generated through transaction fees on exchange services, recurring subscriptions for financial data products and compliance/risk management offerings, and open banking platform integration relationships. The customer base spans commercial banks, investment banks, asset managers (e.g., Schroders as a recent ETF onboarding), and software partners (e.g., Abacus Research AG integrating with bLink), with Barclays as a flagship seven-year strategic partner for international growth. Recent strategic moves include the announced acquisition of Worldline's electronic data management business (expected to close H1 2026) to strengthen sanctions monitoring and compliance capabilities, and the selection of Aquis Technologies as the technology partner for the 2027 trading platform harmonization.

Name

Six

Website

https://sixonbroadway.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

SIX Group operates regulated financial market infrastructure, running the SIX Swiss Exchange and BME Exchange, and provides trading, listing, market data, open banking (bLink), and compliance services to banks, asset managers, ETF issuers, and software partners across Europe.

Ownership category

akta.pro rank

Product category

Financial Market Infrastructure

NAICS

Securities and Commodity Exchanges (5232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)

akta.pro secondary industries

Retail Multi-Asset Exchanges (FSAFAEAA), Regulatory Reporting Hubs & Aggregators (Multi-Regime/Multi-Asset) (FSAFAJAF)

Keywords

• Stock exchange operations
• Financial market infrastructure
• Trading platform technology
• Market data products
• Open banking platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Exchange Services: SIX operates exchanges (SIX Swiss Exchange, BME Exchange) providing trading venue services to financial institutions, charging listing fees and trading commissions.
2. Financial Data Products: Providing financial data products and market data offerings to institutional clients including banks and asset managers, supporting their digital transformation and analytics needs.
3. Compliance and Risk Management Services: Electronic data management business providing sanctions monitoring and compliance solutions, acquired from Worldline to strengthen SIX's position.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

SIX operates regulated stock exchanges (SIX Swiss Exchange and BME Exchange), providing trading, listing, clearing, settlement, and market data services to financial institutions. The company also offers the bLink open banking platform for standardized financial data exchange between banks and third-party software, plus financial data products and compliance/risk management services (including electronic data management acquired from Worldline supporting sanctions monitoring).

Product overview

Six (SIX Group) operates a platform-plus-services model centered on financial market infrastructure. Its core operations include the SIX Swiss Exchange and BME Exchange (being harmonized under a unified trading platform powered by Aquis Equinox), the bLink open banking platform for standardized financial data exchange, financial data products for market participants, and electronic data management services for compliance and risk management (acquired from Worldline). The company provides trading, clearing, settlement, and market data services to financial institutions across Switzerland and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• SIX Swiss Exchange

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• WorldlinecoreStrategic or Co-development Partner · 6 November 2025SIX announced agreement to acquire Worldline's electronic data management business, supporting compliance and risk management for customers with sanctions monitoring capabilities. Acquisition expected to close in first half of 2026, subject to regulatory approval.
• Aquis TechnologiescoreTechnology or Integration · 29 October 2025SIX selected Aquis Technologies as technology provider to implement a harmonized trading platform across its exchanges, including SIX Swiss Exchange and BME Exchange. Platform uses Aquis Equinox matching engine to provide unified trading experience with improved market access and liquidity. Launch scheduled for 2027.
• BarclaysflagshipStrategic or Co-development Partner · 17 October 2025Seven-year strategic partnership between SIX and Barclays to support Barclays' international growth and cost efficiencies. Collaboration includes access to SIX's financial data products, joint development of customer solutions, and expanding Barclays' capabilities in key regions. SIX will not participate in Barclays' capital increase, potentially reducing SIX's influence.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Japan Exchange Group: Operator of the Tokyo Stock Exchange and Osaka Exchange. Comparable to SIX as a regulated multi-asset exchange operator serving institutional and retail clients in its home market.
• Singapore Exchange: Multi-asset exchange operator in Asia with equities, derivatives, and fixed income. Comparable to SIX in operating a national multi-asset venue combined with market data and post-trade services.
• TMX Group: Operator of the Toronto Stock Exchange and other Canadian marketplaces. Comparable to SIX as a national champion exchange operator with equities and data services, but focused on a different geography.

Direct peers

• London Stock Exchange Group: Operates the London Stock Exchange and a major global data and analytics franchise (Refinitiv). Comparable to SIX as a combined exchange-and-financial-data operator serving institutional clients across multiple geographies.
• Intercontinental Exchange: Operator of global exchanges and clearing houses (including NYSE) with a large fixed-income and commodities data franchise. Comparable to SIX across regulated exchange operations, clearing, and institutional data services.
• Cboe Global Markets: Exchange operator offering equities, derivatives, and FX trading venues globally. Comparable to SIX as a technology-driven multi-asset exchange operator with cross-border institutional reach.
• Euronext: Pan-European exchange operator running exchanges in Paris, Amsterdam, Brussels, Dublin, Lisbon, Milan, and Oslo. Closely comparable to SIX's model of operating multiple national exchanges and competing for cross-border listings and trading.
• Deutsche Börse: Operator of the Frankfurt Stock Exchange and one of Europe's largest exchange groups with trading, clearing, and market data franchises. Directly comparable to SIX as a multi-asset, multi-venue European exchange operator with similar institutional customer base.
• Nasdaq Inc. Global exchange operator with equities, derivatives, and market services businesses. Comparable to SIX in operating regulated equity venues and selling trading infrastructure and data products to institutional clients.

Emerging players

• Aquis Exchange: Smaller European exchange operator and provider of matching-engine technology. Comparable as a focused exchange operator in European equities; notably, Aquis Technologies is SIX's chosen platform partner, creating both partnership and competitive overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SIXBroadway
• Facebookfacebook.com/SIXBroadway
• LinkedInlinkedin.com/company/six-on-broadway

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Six