London, 7 June 2012 – Avox Limited, a subsidiary of The Depository Trust & Clearing Corporation
(DTCC), has been awarded “Best Counterparty Data Provider” by the readers of Inside Reference Data
for the fourth year in a row.
The awards, which were held in New York City, recognize industry excellence within the market data,
reference data and enterprise data management sectors. Nominees are selected by the editorial staff of
Inside Market Data and Inside Reference Data, with the winners 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.
“With risk analytics professionals reacting to new regulation and the proposed legal entity identifier
standards, counterparty data is getting 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
Counterparty Data Provider,’ in recognition of the DTCC unit’s work in this crucial area of data for the
Avox, as it has since beginning its operations, 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 of the 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.
DTCC purchased Avox in 2010 and has been integrating its services internally while marketing it to its
client community around the world.
Avox, a subsidiary of DTCC, validates, corrects, enriches and maintains business entity reference data.
This includes data such as corporate hierarchies, registered address information, industry sector codes
and company identifiers. The company was founded in 2003 in cooperation with several financial institutions that required a more efficient mechanism for improving data quality and timeliness. The Avox operational model is unique in the industry. Its success stems from the continuous sharing of business intelligence with its clients and partners which Avox centralizes, anonymizes, verifies and publishes out to each participant. Financial institutions participating in Avox form a community that collectively addresses poor client, issuer and counterparty data quality. The community participants, which include some of the largest banks and asset managers in the world, both contribute and subscribe
to a shared pool of data, processes and resources.
Through multiple operating facilities and data centres around the world, DTCC and its subsidiary
companies automate, centralise, and standardise the processing of financial transactions for thousands of
institutions worldwide. With almost 40 years of experience, DTCC is the premier post-trade market
infrastructure for the global financial services industry, simplifying the complexities of clearance,
settlement, asset servicing, global data management and information services for equities, corporate and
municipal bonds, government and mortgage-backed securities, derivatives, money market instruments,
syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011,
DTCC processed securities transactions valued at approximately US$1.7 quadrillion. Its depository
provides custody and asset servicing for securities issues from 122 countries and territories valued at
US$39.5 trillion. DTCC’s global OTC derivatives trade repositories record more than US$500 trillion in
gross notional value of transactions made worldwide across multiple asset classes. For more
information, visit www.dtcc.com.