Avox Limited has been awarded “Best Counterparty Data Provider” by the readers of Inside Reference Data for the fourth consecutive year. Avox is a subsidiary of DTCC.
“With risk analytics professionals reacting to new regulation and the proposed legal entity identifier standards, counterparty data is seen as more important than ever to managing risk,” said Michael Shashoua, editor of Inside Reference Data. “Inside Reference Data’s readers selected Avox as ‘Best Counter-party Data Provider’ in recognition of the DTCC unit’s work in this crucial area of data for the markets.”
”Avox continues to provide the highest quality data on legal entities in the world,” said Ronald Jordan, DTCC Chief Data Officer. “It is a tribute to its model and people that Avox consistently builds and maintains a database of counter-parties to financial transactions un-matched in the industry.”
DTCC purchased Avox in 2010 and has been integrating its services internally while marketing it to its client com-munity around the world.
Avox employs a collaborative model that has client firms contributing intelligence relating to changes they see impacting business entity data. These changes are sent to Avox daily and are verified by Avox’s team of data experts. Most changes made to the records in the Avox database of counterparties are originally triggered by clients who contribute information on the change. According to Ken Price, CEO of Avox, this makes the information the most up-to-date source of global company information possible.
“Winning this award for the fourth consecutive year continues to validate that our unique collaborative model for maintaining business entity data works better than any other method,” said Price.
The awards recognize industry excellence within the market data, reference data and enterprise data management sectors. The editorial staff of Inside Market Data and Inside Reference Data select nominees and the winners are chosen by the readers of the two publications in 22 categories.
Readers consist of operations professionals at investment banks, securities firms, institutional investors, brokers and exchanges. Nominated in the category with Avox were Bloomberg, Interactive Data, SIX Telekurs, S&P’s Capital IQ and Thomson Reuters. @