AxiomSL Adds Refinitiv Reference Data to Enhance Global Shareholding Disclosures

AxiomSL gsdRegulatory reporting and risk management solutions provider AxiomSL has partnered with Refinitiv in order to combine both firm’s technologies to automatically enrich their clients’ positions while managing regulatory obligations across multiple jurisdictions.

Refinitiv’s reference data enables Financial Institutions (FIs) to be deployed with AxiomSL’s robust Global Shareholding Disclosures (GSD) solution to address the main challenges financial institutions face:

• Keeping up with regulatory rules and reporting template requirements across 100 countries
• Accessing reliable market data to ensure that position percentage calculations are accurate
• Automating the process for GSD reporting to meet daily monitoring requirements

John Mason, Head of Pricing and Reference Data at Refinitiv, said:

“Asset managers face a significant challenge in understanding local rules around shareholder disclosures and calculating their own holdings given the complexities around voting rights and share classes. This partnership provides a simple solution by combining AxiomSL’s state of the art technology with Refinitiv’s comprehensive global data, enabling asset managers to quickly and easily assess their positions in different instruments.”

Ed Royan, General Manager at AxiomSL EMEA, commented:

“We are pleased to partner with Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, in addressing the challenges of data transparency requirements set out by regulatory authorities across the globe when rules differ from country to country. These challenges range from sourcing high-quality market data to addressing jurisdictional nuances to remain aligned with disclosure rules. This partnership unlocks many benefits from streamlining and automating complex rules to seamlessly ingesting and aggregating disparate data resulting in a rapid go-live process.”

Refinitiv’s reference data includes issuer and class level shares, voting rights, and takeover panel data and comes pre-configured for compatibility on the AxiomSL platform to deliver full traceability throughout the monitoring process. AxiomSL’s ControllerView platform provides monitoring, automation, and transparency, so that market participants understand data and reporting issues and successfully comply with shareholding disclosure requirements. This collaborative approach enhances the automation of the entire end-to-end monitoring process.

The former Financial and Risk business of Thomson Reuters has recently launched a new analytics solution for users of FXall: Trade Performance Analytics. The solution is designed to empower users to assess the quality of their historical execution, conduct like-for-like comparisons of liquidity providers, as well as make better-informed trade planning decisions.

In May 2019, Refinitiv announced the acquisition of cloud-based Order Management System (OMS), AlphaDesk, in a move to add a multi-asset class and multi-currency OMS platform with flexible workflows, adaptable to the differing needs of individual buy-side traders and asset managers.