London Stock Exchange (LSE) has commenced a joint venture with FactSet Research Systems, to deliver FactSet’s reference data via UnaVista, a web-based platform that provides validation, matching and reconciliation solutions.
UnaVista offers a number of solutions including compliance, trade confirmation, transaction reporting, reconciliation, reference data and commission sharing.
Firms will now be able to receive FactSet’s issue-to-issuer linkage data and parent-subsidiary relationship data via the UnaVista platform. UnaVista will reconcile the data against the exchange’s Sedol Masterfile and the firm’s own systems. This will reduce the firm’s risk exposure without the need for manual checks.
FactSet have 1.44 million securities linked to over 168,000 issuing entities, with 872,000 entities participating in 225,000 parent-sub tree hierarchies. The exchange’s SEDOL Masterfile holds around 10 million unique Sedol codes, across all asset classes.
Mark Husler, head of information services business development at LSE, said: “By partnering with FactSet, we can provide the very highest quality reference data by combining data from the two businesses and delivering it through a hosted model.”
Joerg Gerth, vice president of content sales at FactSet, said: “I am delighted with our new partnership with the London Stock Exchange which enables us to deliver FactSet entity data to clients who wish to have their data hosted and matched back against their own internal content, creating a golden copy of reference data.”
FactSet is a provider of integrated financial information, analytical applications, and client service to enhance the workflow and productivity of the global investment community.