LSE Debuts Hosted Validation Services

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The London Stock Exchange has launched a hosted data validation service and may also launch a counterparty data utility next year, depending on the willingness of market participants to share information, officials tell Inside Market Data.

Data Validation Service, which has been live for around one month, allows firms to send data held in multiple, separate systems to the exchange, which provides hosted cleansing, validation and normalization functions. The LSE then makes the data available