EDI Forms Alliance with AIM Software

EDI maps content to AIM Software's data integration platform GAIN to combine premium securities information with automation reducing cost and risk for the back office client.

London, 27th June 2006, Exchange Data International (EDI), a leading provider of high-quality, accurate international securities data, and the international data management solutions provider AIM Software, announced today that they have entered into a strategic alliance to provide price, static and corporate actions data from EDI via AIM Software's data management platform GAIN.

Financial institutions need accurate, consistent and complete reference data so they can increase efficiency through straight-through processing and shorten the settlement cycle. They also must have quick access to corporate actions announcements that can affect securities holdings. To this end, EDI and AIM Software agreed on collaborating to facilitate the integration of EDI's financial markets' data and to centralise the data management process within financial institutions.