London, 21st August 2019 – Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, announced today a new Cost Basis solution.
Exchange Data International’s Worldwide Equity Cost Basis (WECB) enable users to track both a security’s cost basis, its evolution and its descendant’s cost basis & evolution up to the current date.
Jonathan Bloch, CEO of Exchange Data International says: “EDI while expanding its Reference Data offering to cover all asset classes is also looking to expand into value added services. In addition to recently launching an equity analytical service, EDI today launched a verification tool for determining cost basis for all equities worldwide. Cost Basis is an integral requirement for determine capital gains.”
The WECB service has been designed to track the evolution of a security. This service allows you to start with a security and end up with multiple securities many years later. Many events can cause changes to the original holding, for example de-mergers and/or distributions will cause your original security to be diversified into many other holdings. The WECB service helps you track these changes and their cost, to help you make your capital gains calculations.
For more information, please contact [email protected] or visit EDI product page at www.exchange-data.com/product/worldwide-equity-cost-basis/
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Dario Caputo
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About Exchange Data International
Exchange Data International (EDI) 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 that are Africa, Asia, Far East, Latin America and Middle East. Headquartered in the United Kingdom, EDI has staff in Canada, India, Morocco, South Africa and the United States. For more information about EDI visit www.exchange-data.com.