The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Rydex Picks AccessDX for Data Management Services

Share article

Rydex Investments has selected Access Data Exchange (AccessDX) from Access Data to aggregate and process shareholder data from financial intermediaries that distribute Rydex Funds.

Rydex Investments is a financial services company, based in Rockville MD, offering 35 investment products, including sector, benchmark and dynamic funds for a variety of market conditions. Rydex manages $15 billion in assets.

AccessDX is Access Data’s proprietary shareholder transaction data exchange network designed to save mutual fund companies the effort of developing custom data feeds for each trading partner, by providing normalized data from all financial intermediary platforms through one secure conduit. It collects sales and client information from financial intermediaries, which enables mutual fund companies to track detailed sales activity for compliance and corporate reporting requirements.

As part of the AccessDX service solution, Rydex has also contracted with Access Data for data management services to provide clean, controlled and concise shareholder and representative data from financial intermediary platforms. Access Data’s Data Management Services include the researching of unknown rep names for trades in Rydex Funds, as well as ensuring that trades from financial intermediary platforms are associated with the correct dealer, branch and rep in order to provide accurate internal sales and corporate reporting.

“Our value-add for this service is the data management team which collects the shareholder information, cleans it, arranging it in a standardised format, completes it, ensuring that all the relevant details are present, and then distributes it,” says Frank Polefrone, senior vice president for Access Data Corp.
Utilizing Access Data’s process for data interface development, combined with proprietary data workflow technology, AccessDX connects a network of intermediary sub-account platforms to its Access Data SalesVision suite of applications. SalesVision is Access Data’s enterprise shareholder solution used by mutual fund companies to analyze, track and report integrated shareholder data to fund boards, corporate management and business users.

Related content

WEBINAR

Upcoming Webinar: Data management for analytics and market surveillance

Date: 19 January 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The financial services industry is starting to harness the potential of Big Data analytics to gain insights that can yield competitive advantage. At the same time, market surveillance has emerged as a major requirement for trading firms across the...

BLOG

Xenomorph Moves from Product to Solution Sales, Drops TimeScape Brand But Not Technology

Xenomorph has regrouped and is chasing growth following the appointment of Neil Sheppard to lead the EMEA and APAC business, a reset to solution rather than product sales, and restructured funding. The company has been pretty low-profile in the market over the past few years, particularly since Brian Sentance stepped down from the role of...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Corporate Actions

Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the...