Avox Reaches Two Million Milestone

Firms using legal entity services provider to meet regulatory reporting obligations

Mark Davies
Mark Davies, general manager and head of Avox

DTCC subsidiary has validated two million entities globally in its database.

The Depository Trust & Clearing Corporation (DTCC) has announced that Avox Data Services has successfully researched and published two million entities globally in its database.

The number of researched entities continues to rise as more and more market participants aim to meet their risk management and regulatory reporting obligations.

Firms can use Avox to source and maintain legal entity reference data, such as legal structure, names and addresses and regulatory status. It also integrates with other DTCC data services—Clarient Entity Hub, the GMEI Utility and Omgeo Alert.

Mark Davies, Avox general manager and managing director at DTCC Europe, says: "DTCC's Avox Data Services employs multilingual research analysts to review in excess of 1,500 authoritative public sources to ensure the highest data quality."

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