Avox, a wholly owned subsidiary of The Depository Trust & Clearing Corporation, DTCC, provides legal entity data services. The company was founded in 2003 in cooperation with several financial institutions that required a more efficient mechanism for delivering better data in a timely manner. Clients of Avox form a community that subscribes to a shared pool of data, processes and resources. This community collectively addresses data quality issues by sending counterparty data to be researched and validated by expert analyst teams at Avox.
The collaborative approach ensures that clients are dealing with the most accurate and timely data available, and facilitates efficient and compliant regulatory, transaction and risk reporting. All clients benefit from the rapid notification of changes made by each other and the quality checks made by the Avox team.