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

CPL Collapses; DTCC’s Avox in Line to Scoop Up Assets

Subscribe to our newsletter

CounterpartyLink is rumoured to have collapsed after falling into financial difficulties and failing to find an investor. Data Management Review understands that DTCC’s Avox is in line to purchase certain assets, thereby eliminating a competitor from the entity data business.

A letter was circulated to clients of CounterpartyLink today informing them of the news. It is not clear exactly what assets Avox is purchasing, but it is understood that any CounterpartyLink clients would need to establish new contracts with Avox in order to receive entity data.

Calls to both companies seeking verification were not returned today.

CounterpartyLink was established in 2005 and spun out of Cicada. It’s goal was to “build the world’s leading source of high-quality data on legal entities”. Its Managing Director James Redfern is rumoured to be continuing in some capacity but it is unclear what will happen to the remaining employees.

The company has about 80 existing customers, mostly banks and brokers that use CPL services for risk or compliance.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Multi-cloud environments – How to maximise data value while keeping on the right side of privacy and security

Multi-cloud environments have much to offer beyond single-vendor cloud setups, including the benefits of access to a variety of best-in-class cloud solutions, opportunities for price optimisation, greater flexibility and scalability, better risk management, and crucially, increased performance and availability. On the downside, multiple cloud vendors in a technology stack can cause complexity, more vulnerabilities, and...

BLOG

ace Seeks to Disrupt the Very Idea of ‘Digital’ for Financial Institutions

For more than a decade, financial institutions have been told to go digital. Data strategies have been written, platforms migrated to the cloud, and front-end experiences wrapped in slick apps. But for Niamh Kingsley, founder of ace, that conversation is already out of date. Her new firm, launched in November as a specialist post-digital advisory...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...