Press Releases

Feb 11, 2015 • Press Releases

AVOX Launches Real Time Access to Legal Entity Data

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 corporate hierarchies.

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 seconds.

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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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.

Contacts

Adam Honeysett-Watts, DTCC

Email

ahoneysett-watts@dtcc.com

Phone

+44 (0)20 3116 2409

dtccdotcom