Wilshire Indexes selects Alveo’s Data-as-a-Service solution

Wilshire Indexes, a leading global benchmark platform, has selected the Alveo Data-as-a-Service (“DaaS”) solution for corporate actions data management.

  • 6 months ago Posted in

Alveo’s DaaS solution sources, cross-references, compares and validates corporate actions from multiple data vendors. In case of discrepancies, the Alveo DaaS offering provides root cause analysis and issue resolution. The result is a master feed for corporate actions that Wilshire Indexes uses as input for its index solutions. The scope of the service encompasses approximately 30 different corporate action types that impact security prices including splits, reverse splits, delistings and capital distributions including dividends.

 

Paul Grimes, Chief Operating Officer at Wilshire Indexes, said: “Having access to multiple sources of corporate actions data and a data quality management service is critical to developing our solutions to meet the new needs of global investors. We are pleased to work with Alveo to enhance our corporate actions data and further strengthen our efforts to transform the way investors use benchmarks to realise their objectives.”

 

Mark Hepsworth, CEO, Alveo said: “We are delighted to welcome Wilshire Indexes to Alveo’s growing customer base. Wilshire Indexes is a highly innovative, data-driven firm that – that like all of our customers –  aims to make the most of its market and reference data. Wilshire Indexes uses a wide range of global corporate actions and we have worked closely with their operations team during implementation to improve automation and processes. Timely awareness and accurate corporation actions are essential to index providers and we are very pleased to be delivering the service.”

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