BigTXN and Rimes Partner for ETF Data to Power Sanctions
London, New York – 21 June, 2023
BigTXN announces today that it has partnered with Rimes to extend its global sanctions screening universe to include cleansed and validated ETF data.
As part of its data management services, Rimes collects, validates and normalizes ETF data from all global ETF providers by linking compositions with underlying constituents.
Patrick Walsh, head of foundational data at Rimes, comments: “Rimes is delighted to partner with BigTXN to help enrich their sanctions offering, enabling their customers to screen ETFs for securities sanctioned, at risk, or other violations in respective regulatory jurisdictions.”
When combined with BigTXN’s global sanctions and violations data, customers can meet pre- and post-trade sanctions requirements by screening their entire investment universe including ETF holdings, to avoid penalties for compliance breaches.
Haider Mannan, Founder & CEO of BigTXN, comments: “We are excited to partner with Rimes to use their comprehensive ETF data, in screening sanctioned securities, investment and trading firms cannot afford to miss a single affected instrument, BigTXN is here to help firms comply.”
In pre-release investigations conducted by BigTXN approximately 7.5% of the global ETF universe contains securities tainted by sanctions. The number of ETFs affected by sanctions are expected to continue increasing in tandem with the rollout of new sanctions designations.
Through the partnership, Rimes has been appointed an authorized redistributor and its customers will also be able to receive BigTXN’s sanctions data via Rimes’ data services.
About BigTXN
BigTXN delivers data that matters. We enable investment screening and monitoring solutions for financial institutions to meet compliance and investment decision requirements with the highest quality of data, transparency and trust. Through our solutions we provide datasets for investment and risk intelligence.
About Rimes
Rimes is an enterprise data management partner to the global investment community. Driven by our passion for solving the most complex data problems, we provide our clients with investment intelligence that powers more than 50 trillion in AUM annually. The world’s leading institutional investors, asset managers and service providers rely on Rimes to help them make better investment decisions using accurate information and industry-leading technology. Headquartered in New York and London, Rimes services its global clients through offices in Europe, the Americas and Asia Pacific.
Media Contacts:
BigTXN
Press Officer
hello@bigtxn.com
+44 20 8123 9050
Rimes
Clare Walsh
clare@adessotech.co.uk
+44 77 6877 0757
