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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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
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
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.