Montreal, June 18th, 2013 – Exchange Data International (EDI) today announced it has entered into a partnership agreement with Digital Finance. The partnership is two fold:
Digital Finance will have access to EDI’s data to demonstrate to prospects and clients the capabilities of EMA, its Corporate Actions Automation software solution. In return, EDI will have access to Digital Finance software solution to be able to easily demonstrate the breadth and depth of its international Corporate Actions data offering to their prospects and clients within the Canadian marketplace.
In business since 2008, Digital Finance is a successful Montreal-based firm that is focused on providing advanced and easy-to-use Corporate Actions solutions to the Financial Services Industry. Its solutions are used to reduce the risks associated with the management of Corporate Actions and increase efficiencies while reducing costs in automating those processes.
“We are very excited about this new partnership. Teaming up with EDI will allow us to present in a real world environment the capabilities of our EMA software solution to automate the management of Corporate Actions globally” said Etienne Castonguay, president of Digital Finance. “Digital Finance enables financial services organizations to easily and quickly extract more value from their Corporate Actions data when compared to the internal systems that such companies traditionally build themselves. With our solutions, our clients eliminate all the risks of managing Corporate Actions while reducing their costs.”
Founded in 1994, Exchange Data International (EDI) sources and supplies specialized financial information to the back and middle offices of banks, stockbrokers (broker/dealers) and other financial institutions globally.
EDI provides accurate, timely information such as worldwide corporate actions and dividends, static reference data, closing prices and shares outstanding data via data feeds and the web. It adds value by offering fully customized data sets, ad hoc feeds, client and market driven product development cycles as well as cost-effective implementation time scales. The firm covers all major markets with a special emphasis on emerging and frontier markets that are Africa, Asia, Far East, Latin America and Middle East. Jonathan Bloch, CEO of EDI says, “We are pleased to work with Digital Finance on developing a robust offering to provide the Canadian industry with the most accurate and reliable global Corporate Actions data”.
EDI has developed a suite of deep and rich data sets that enable financial institutions to track, analyse and action complex event changes on a daily basis covering over 90,000 equities, 500,000 bonds as well as warrants, end of day pricing and specialised data products.