About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ADP, Avox Sign Up to Sponsor EDM Council

Subscribe to our newsletter

ADP Brokerage Services Group and Deutsche Boerse-owned Avox have signed up as sponsors of the EDM Council. They join BearingPoint, Cicada, GoldenSource, IBM and SunGard. This development comes as the EDM Council undertakes its transition to a member-owned, rather than a sponsor-owned, model (Reference Data Review, September 2006). Ken Price, CEO of Avox, says this change in operating model was a prerequisite for Avox signing up. “When the EDM Council was first established, we had some concerns that it might be perceived as simply a group of vendors trying to capture a market,” he says. “The fact that in 2007 it is being handed over to the financial institutions to run was the main criteria for our signing up. We wouldn’t want to be involved in any initiative that was proprietary because that goes against everything we do. The council has a good cross-section of financial institutions as members, and we are particularly interested in getting involved in the business metrics working group as this relates to our efforts on the data quality benchmarking side.” ADP’s commitment to the council comes as it steps up its pursuit of opportunities to deploy the securities master database it maintains as part of its Global Processing Solution with non-bureau clients (Reference Data Review, September 2006).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Data Infrastructure Faces Stress Test as Private Credit Consolidation Beckons

By Charles Sayac, Managing Director EMEA West, NeoXam. A bout of consolidation unseen in the sector’s history may be on the cards for the private credit space – one that threatens to unearth a host of complex data challenges for the unprepared. A recent Carne Group report revealed almost all (96 per cent) of private debt managers...

EVENT

TradingTech Summit New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...