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London Stock Exchange Announces Partnership with FactSet to Deliver Reference Data through UnaVista

The London Stock Exchange announced today that it has commenced a joint venture with FactSet Research Systems. The partnership means that the Exchange will deliver FactSet’s reference data via UnaVista, a web-based platform that provides validation, matching and reconciliation solutions.

Firms will now be able to receive FactSet’s issue-to-issuer linkage data and parent-subsidiary relationship data via the UnaVista platform. UnaVista will reconcile the data against the Exchange’s Sedol Masterfile and the firm’s own systems. This will reduce the firm’s risk exposure without the need for manual checks. As UnaVista is a web-hosted system, firms don’t have to invest in expensive new hardware to run it, they also benefit from the reassurance of knowing that their data is safe because it is securely hosted at the exchange.

The first firm to benefit from the joint venture will be a major international bank, who signed up to UnaVista’s service earlier this month. The bank chose UnaVista because of its ability to integrate and reconcile data from multiple sources quickly, with no hardware costs.

Mark Husler, head of information services business development at the London Stock Exchange, said: “By partnering with FactSet, we can provide the very highest quality reference data by combining data from the two businesses and delivering it through a hosted model.”

Joerg Gerth, vice president, content sales at FactSet, added: “I am delighted with our new partnership with the London Stock Exchange which enables us to deliver FactSet entity data to clients who wish to have their data hosted and matched back against their own internal content, creating a golden copy of reference data.”

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