Source: London Stock Exchange
The London Stock Exchange announced today that two leading banks have signed-up to use UnaVista, the Exchange's web-based matching reconciliation and data integration service. One of the banks will use UnaVista to monitor and report on suspicious trading activity across the globe, while the other, a European bank, will use UnaVista to ensure that its securities reference data is consistent with the Exchange's SEDOL Masterfile.
UnaVista's data integration capabilities will be used to build a central repository of trading data, from which one of the banks can generate a range of trading surveillance reports, including front running, insider dealing and restricted list reports. The other bank will use UnaVista to compare securities from global securities master files at the bank against the Exchange's SEDOL Masterfile. UnaVista will give the bank the ability to run reference data reconciliations daily, weekly, monthly or as required.
Mark Husler, Head of Business Development for Data and Software at the London Stock Exchange, said:
"I am delighted these two banks have decided to use UnaVista. As a highly scalable system, UnaVista is used by the Exchange and an increasing number of leading banks looking for high-volume data integration solutions. Since UnaVista is a purely web-based system, we are able to offer new clients a low risk, quick installation process, providing reliable reference data without the need for any costly hardware installation".
UnaVista is the London Stock Exchange's hosted generic data validation, matching, reconciliation and exception management service which combines powerful business capabilities with short lead times.
As a web-based, Exchange-hosted solution UnaVista:
· eliminates the need to install expensive hardware and infrastructure, reducing project costs and timeframes
· offers the highest level of data security
· can be easily scaled to accommodate new lines of business and future regulatory requirements.