London, February 11, 2015 – Avox Limited, the industry leader in legal entity reference data, today launches a series of web-based application programming interfaces (APIs) designed to support faster access to legal
entity data, including legal entity identifiers (LEIs), legal names, addresses, industry classifications and
Avox web services will provide clients with an enhanced level of flexibility and efficiency in their interaction
with Avox, enabling them to access and manage the data held on their entities of interest in a matter of
Historically, Avox services have been available via a web portal found at www.avoxdata.com or in a flat file
for end-of-day delivery. The introduction of web services means data can now also be delivered on a
request/response basis, and will enable clients to draw Avox content directly into in-house applications or
using enterprise data management (EDM) technology partners.
The launch provides search, subscribe and update functionality for data across the entire Avox database of
over 1.7 million entities, along with the ability to request the sourcing of data on new legal entities in more
than 180 countries.
Mark Davies, Managing Director of Avox, said: “We recognise that our clients require high standards of data
accuracy and completeness and now more than ever the timeliness of updates is critical. This release is a
critical step to help our clients to achieve their aim of much needed STP in the sourcing and ongoing
maintenance of legal entity data.”
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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 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.