Asset Control has integrated DTCC Solutions’ Global Corporate Actions Validation Service (GCA VS) into its AC Plus data management solution, enabling the data management vendor to offer clients direct connectivity to DTCCs pre-validated corporate actions data.
Asset Control will now offer direct access to pre-cleansed corporate actions data for all downstream processes. The interface allows clients to populate their in-house repository with DTCC Solutions data and link to various other data types, including instrument and pricing data.
Commenting on the partnership, Dan Thieke, VP Product Management from DTCC, said: “Although corporate actions data has always been important for the back office, firms are quickly beginning to realize that front-office visibility can enhance trading strategies and improve portfolio pricing. By partnering with Asset Control, we are also giving our clients greater transparency of where their data is stored, improving its traceability and manageability.”
Phil Lynch, CEO of Asset Control, added: “Investors and regulators no longer have the palette for manual processes, especially with such tight scrutiny on cost and operational risk. Inefficiently managing your corporate actions data is no longer an option, as it has an increasing number of touch points in the trading life cycle. The partnership with DTCC Solutions will help clients achieve a consolidated view of corporate actions data alongside other types such as pricing or reference data.”
(JDC)