Press Releases

May 30, 2013 • Press Releases

AVOX Wins Best Counterparty Award from inside Reference Data

Readers choose Avox for fifth consecutive year

London, 30 May 2013 – Avox Limited, a global industry leader in providing legal entity reference data solutions, announced today that it has been awarded “Best Counterparty Data Provider” by the readers of Inside Reference Data for the fifth year in a row.

The awards, which were held in New York on 21 May 2013, 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 end-users including operations professionals at investment banks, securities firms, and institutional investors.

This accolade demonstrates the continued success of Avox’s collaborative model for counterparty data management. In the past 12 months, the firm has announced a 25 percent year-on-year increase in the number of entities validated in its global database, reflecting firms’ increased need for accurate entity reference data. Key products enhancements have included AvoxData Regulatory Reporting File, which incorporates mandatory attributes required for reporting counterparties of OTC derivative trades to the U.S. Commodity Futures Trading Commission, and a legal entity data website at www.avoxdata.com. This website provides free and unrestricted access to core legal entity data fields for a global set of legal entities that are of interest to financial institutions throughout the world.

Mark Davies, General Manager and Head of Avox Limited said, “We anticipate another busy year for Avox as we help our clients manage increasing demands to improve data quality from regulators, clients and within their own firms. We know that accuracy of content is more important than ever and we are confident that the extensive research from our analyst teams will continue to deliver the results that our clients can rely on.

“As we look ahead to growing our shared data pool and expanding our solutions, it is encouraging to know that our clients and readers of Inside Reference Data support the work we have been doing over the past 12 months.”

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About Avox

Avox, a wholly owned subsidiary of The Depository Trust & Clearing Corporation, DTCC, matches, enriches and maintains legal entity reference data for its clients, delivering corporate hierarchies, registered address information, industry sector codes and company identifiers. This approach ensures that clients can rely on the most accurate and timely data available to facilitate decision making and regulatory reporting.

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 centralises, anonymises, verifies and publishes out to each participant. Financial institutions participating in Avox form a community that collectively addresses client, issuer and counterparty data quality issues. 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.

About DTCC

DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions for thousands of institutions worldwide. With 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 2012, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. DTCC’s global trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide.

For more information, visit www.dtcc.com or follow us on Twitter @The_DTCC.

Contacts

Lilia Tira

Email

ltira@dtcc.com

Phone

+44 (0) 20 7650 1592

Melissa Rowling, Greentarget
+44 (0)20 7324 5490
melissa.rowling@greentarget.co.uk

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