London Stock Exchange launches data validation tools

Source: London Stock Exchange

The London Stock Exchange has today launched two new products, SEDOL Validator (SEVAL) and the Data Validation Service (DVS), which are designed to help banks improve the quality of their reference data.

SEVAL allows users to address quality issues, commonly associated with continuously changing securities data, by validating their securities masterfiles against the SEDOL Masterfile held at the London Stock Exchange.

The DVS is a new generic data reconciliation engine that enables users to validate rapidly multiple sources of data. It is designed to cater for all types of data such as securities, counterparty, trade, settlement and payments data, which can be supplied in any format.

Commenting on the launch Karen Young, Head of Business Development for Information Services at the London Stock Exchange, said:

"As financial regulators become more involved in the efficiency of the securities industry, banks increasingly require reference data solutions that ensure the quality of their data across the entire organisation. It is well recognised that there are clear operational efficiency gains to be made in improving and maintaining quality data. We believe both SEVAL and DVS are cost effective off-the-shelf solutions that provide accurate and timely data validation."

SEVAL and the DVS can be accessed via a secure web service, which is hosted and operated by the London Stock Exchange.

Comments: (0)