The London Stock Exchange announced today that Standard Chartered, a major international bank, has selected UnaVista as its global repository for reference data.
Standard Chartered recently became the first bank to benefit from the Exchange's partnership with FactSet Research systems, and are now receiving counterparty and issuer linkage data from FactSet through UnaVista.
Standard Chartered will use UnaVista's Reference Data portal to perform its market data matching and assist with compliance surveillance activities. The portal will allow Standard Chartered to validate and match any type of reference data. It will also cleanse the data, by reconciling it against the Exchange's SEDOL Masterfile, FactSet Research Systems data and Standard Chartered's own systems. This will reduce Standard Chartered's risk exposure without the need for manual checks.
UnaVista is a web-hosted system, so it will be accessible to the bank's entire global network, including over 1,750 branches and outlets in more than 70 countries and territories across the globe, without it needing to be installed locally.
Mike Leach, Head of Sales, Information Services Business Development, London Stock Exchange, said: "We are delighted that Standard Chartered has chosen UnaVista to manage their trade surveillance and watch list functions. As UnaVista is a web based system Standard Chartered will benefit from zero hardware costs and a fast time to market, while being able to operate the service from any of their global offices".