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Avox Limited, the leading provider of premium quality, low latency business entity data and services, today announced that it has been awarded “Best Counterparty Data Provider” at the 2009 Inside Reference Data awards held in New York.
The awards, now in their seventh year, recognise industry excellence within the market data, reference data and enterprise data management sectors.
Candidates were selected by the editorial staff at Inside Market Data (IMD) and Inside Reference Data (IRD) with the winners chosen by their readership, representing operations professionals at investment banks, securities firms, institutional investors, brokers and exchanges. These industry experts selected Avox as Inside Reference Data’s “Best Counterparty Data Provider” from a shortlist including Thomson Reuters, Interactive Data, SIX Telekurs and Standard & Poor’s.
Avox employs a collaborative model whereby all clients proactively contribute intelligence relating to changes they see impacting business entity data. These changes are sent to Avox daily and are re-verified by their experienced team of data experts. 70% of all changes made to records in the Avox database are originally triggered by contributing clients making this content the most up to date central source of global company information possible.
“To be honest, this award has been earned not just by Avox, but also by our clients and partners.” commented Ken Price, CEO and co-founder of Avox. “By virtue of their continuous and diligent effort to contribute their own market intelligence into a central pool of knowledge, our data analysts are able to quickly and efficiently identify which entities to review out of a database of hundreds of thousands of records. In this regard, the award for Best Counterparty Data Provider is as much a testament to this new way of managing entity data as it is to Avox and its growing number of loyal clients and partners.”
