Exchange Data International (EDI) team up with OTC Markets Group and launch the OTC Corporate Actions Data Service. The new service helps investors mitigate trading risk associated with corporate actions.
The OTC Corporate Actions Data Service will publish information on all OTCQX, OTCQB and OTC Pink securities, including data on the underlying securities for American Depositary Receipts ("ADRs") and foreign ordinaries traded in the U.S. market. In addition to standard corporate action data such as symbol changes and dividend announcements, the service will provide information on actions initiated by depository banks including book closings and openings.
"The OTC Corporate Action Data Service provides a simple, cost-effective way for market participants and investors to mitigate trading risk associated with corporate actions," said Matthew Fuchs, Managing Director of Market Data & Strategy at OTC Markets Group. "Corporate action information on underlying securities and depository bank actions will provide investors a more complete data set for decision making. We are excited to partner with Exchange Data International to better serve investors, issuers and market participants."
"EDI has years of experience in building user-friendly web interfaces that provide the industry with easy access to securities data," said Jonathan Bloch, CEO of Exchange Data International. "We are pleased to partner with OTC Markets Group in making corporate actions data swiftly available to the market."
The OTC Corporate Actions Data Service is a subscription-based service available in a variety of file formats and via EDI's corporate action web application, www.otc-corporate-actions.com. All data is easily searchable and allows users to predefine search criteria and receive email alerts when changes affect portfolio securities. For more information on the OTC Corporate Actions Data Service and to request a free trial, visit www.otc-corporate-actions.com
