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

Avox Migrates to Amazon Web Services Cloud

Subscribe to our newsletter

Avox Data Services has migrated its data servers to the Amazon Web Services (AWS) cloud as part of a strategic move by parent DTCC to adopt technologies with the largest potential to improve applications. Avox is an early adopter of cloud in the DTCC group and says its move to AWS could reduce the cost of Avox entity data, although its focus is more on the ability to scale, develop better data services and add capabilities requested by clients.

The company migrated its core apps, servers, data feeds and clients to AWS at the turn of this month and says that while data will take a different route to clients, there will be no immediate differences that clients will see.

Mark Davies, managing director at DTCC Europe and general manager of Avox Data Services, says that despite previous concerns about the security and privacy of data in the cloud, many of the company’s clients are themselves using or considering cloud solutions that can deliver scale, perhaps for storage, and opportunity, perhaps to test new projects, and acknowledge that cloud is the way the industry is going.

Talking about Avox’s use of AWS, he says: “We should be able to scale faster and at lower cost, develop new data services and make light touch changes. Over time, this could reduce client costs, but the focus is on adding services that clients want, expanding our data population to more than the two million entities we already manage and making more data updates using different public sources.”

With entity hierarchy data already in place, the company is working with structured data to make and map links between companies such as umbrella funds and subfunds, and legal entities and their branches. While Avox is an early adopter of cloud technology within DTCC, other businesses in the group with which it integrates, particularly Clarient Entity Hub, the GMEI utility and Omgeo ALERT, are expected to step up to the cloud soon.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

AI is Helping to Solve New ESG Data Challenges: ESG Briefing Review

The peculiar demands that ESG data integration places on capital markets participants requires powerful techniques that are increasingly being provided through artificial intelligence, A-Team Group’s recent ESG Data and Tech Briefing London heard. From data quality monitoring and analytics to supply chain analysis and investment management, AI-based tools are already offering automated solutions to some...

EVENT

TradingTech Briefing 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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...