DTCC Acquisition of Avox to Result in ‘Wider Range of Ref Data’

ken-price

The Depository Trust & Clearing Corporation has acquired counterparty data provider Avox from Deutsche Börse.

In a letter to customers, Ken Price, CEO of Avox, says the combination of DTCC and Avox is "a natural strategic fit", expected to result in "a unique platform that will deliver a wider range of reference data on securities and legal entities." The change in ownership "will broaden and enhance our service offerings, and position us to help the industry better mitigate risk, achieve operat

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