Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.
RegTech CSS said that to comply fully with obligations for shareholding disclosure, investment managers need access to accurate and timely market data covering areas such as company takeovers, data relating to temporary short-selling bans and issuer-initiated thresholds.
CSS remarked, “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.”
CSS CEO Doug Morgan said, “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. 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.”
aosphere executive director Clare Godson added, “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.”
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