Launches Integration of Market Data Services to Investment Monitoring Platform
Compliance Solutions Strategies (“CSS”), a leading RegTech platform providing technology-driven solutions which enable financial services firms to meet mandatory regulatory compliance requirements, announced an expanded collaboration with aosphere LLP, an affiliate of Allen & Overy LLP, with the full integration of a range of Market Data Services offered by aosphere into the CSS Investment Monitoring platform.
To comply fully with obligations for shareholding disclosure, investment managers need access to accurate and timely market data covering diverse areas such as company takeovers, issuer-initiated thresholds (typically found in a company’s articles of association) and data relating to temporary short-selling bans.
The inclusion of Market Data Services for Shareholding Disclosure strengthens CSS’s position as a world-class RegTech solutions provider to institutional asset managers and hedge funds, with an automated investment monitoring platform that uniquely pairs unmatched in-house regulatory expertise with the most comprehensive set of industry legal and related market data offered by aosphere.
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“Our strategic collaboration with aosphere builds upon the intellectual capital of our own team of legal and regulatory experts and significantly enhances our global Investment Monitoring platform,” said Doug Morgan, Chief Executive Officer of CSS. “Leveraging aosphere’s unique capabilities, as we’re doing with the integration of Market Data Services, will continue to help CSS accelerate the delivery of new product features in the years to come.”
“The Market Data services we offer provide a robust solution for clients seeking to comply with complex regulatory reporting rules. Sourcing accurate, cost effective data on a consistent basis is a significant client challenge and we are pleased to work with CSS to offer this service to their clients. We know how important it is for clients to be able to operationalise legal and regulatory content in platforms such as the CSS Investment Monitoring platform and we hope the ability to utilise this Market Data will be a welcome development for CSS clients,” said Clare Godson, Executive Director at aosphere.
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