EDI Publishes Closing Prices Handbook
London, February 1st, 2012
Exchange Data International publishes a handbook on closing price definitions across all equity exchanges worldwide.
Exchange Data International (EDI), a well established provider of Securities Corporate Actions and Reference
Data, today announced the publication of their Closing Prices Handbook, a unique reference source providing
detailed information on all the variations of the definition of the term "closing prices" worldwide.
In this book, the author, Deborah Parry, a consultant to the financial industry with over 20 years
experience, gives a comprehensive picture of closing price definition around the world covering exchanges
in over 100 countries, enabling more accurate analyses of securities closing prices between markets.
Alongside the Handbook, EDI has developed an online database enabling readers to keep up-to-date with
the latest information on each market as definitions change following the implementation of new rules and
regulations. Subscribers receive an automatic email alert each time the database is updated.
Jonathan Bloch, CEO of EDI says: "While working on our Closing Prices Project, we identified the need
for a detailed explanation of closing price data as this is an area where ambiguity and inconsistency is
a common concern."
As Deborah says: "We undertook research to establish precisely how each exchange arrives at the end-of-day
data it publishes. By adopting common terms to describe how data is generated it was possible not only to
compare each exchange’s output but also to highlight any variations of which institutions are unlikely to
be aware."
She adds: "If the mechanisms are understood, pricing anomalies that arise can often be explained or
even predicted as a function of the system rather than quotations or trading activity that seem not
to tally."
The Closing Prices Handbook and Database are a unique reference source for any professional working
with closing price data.
Exchange Data’s Closing Prices Handbook
Chancellor Publications, London, 2011
Price: US$145 / £95
ISBN: 978-0-9569986-0-6
To order a copy go to http://www.chancellorpublications.com/order.htm
|