24 May 2018, London & New York: Exchange Data International (EDI), the expert in securities reference data
services, today announced winning the ‘Best Corporate Initiative of the Year’
category at the 16th annual Inside Reference Data and Inside
Market Data Awards.
The award is in recognition of the new EDI NYSE
Replacement Service. Launched in September 2017 by EDI, it is a complete
replacement for NYSE Corporate Actions at less than 50% of the redistribution
costs charged by NYSE. EDI now provides institutions with a complete
like-for-like and cost-effective alternative for the NYSE corporate actions
data.
As well as continuing to introduce competition into
the corporate actions sector, EDI’s service removes an irritating and
potentially costly element in NYSE’s offering, by dropping the second level of
charges imposed by NYSE on clients who want to redistribute NYSE data (to their
customers). EDI’s clients, whether redistributors or end users, pay only once.
Jonathan Bloch, founder and CEO of EDI
said: “We are very honoured to receive such a highly-regarded award; I’m
delighted that EDI has been recognised for bringing much-needed competition to
the data sector. We will continue to provide our clients and the wider market
with choice, quality and value as we seeking to increase ‘vendor
replacement’ offerings.”
Exchange Data International has been providing
fast, accurate, timely and affordable reference data, including corporate
actions services, to the global investment community since 1994. Its 400 staff
research and use smart systems and machine learning to ensure excellent data
quality. This commitment to efficient processing enables EDI to source, quality
control and supply data without massive overheads, and pass the cost-savings to
its data user clients.
Inside Reference Data Awards and Inside Market Data
Awards recognise excellence within market data, reference data and enterprise data management. The
annual awards in New York are being hosted by two respected publications within
the industry and are recognised as prestigious awards within the financial
data community.
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Editorial contacts
Alla Lapidus / John Norris
Moonlight Media
Tel: +44 (0) 20 7250 4770
Email: edi@moonlightmedia.co.uk
About Exchange Data International:
Exchange Data International helps the global financial
and investment community make informed decisions through the provision of fast,
accurate, timely and affordable data reference services. EDI’s extensive
content database includes worldwide equity and fixed income corporate actions,
dividends, static reference data, closing prices and shares outstanding,
delivered via data feeds and the Internet. The firm covers all major markets
with special emphasis on emerging and frontier markets e.g. Africa, Asia, Far
East, Latin America and the Middle East. EDI is based in London, with offices
in New York, India, and Morocco. For more information about EDI, please
visit http://www.exchange-data.com.
