London, 2nd August, 1999, Exchange Data International (EDI), a specialist in securities solutions and back office data, has entered into a business relationship with the Carson Group, Inc., acting under license fromÂ J.P. Morgan’s ADR.com website.
EDI will provide ADR.com with comprehensive information for both depositary receipts and underlying shares. It will cover Issuer Name, USCode, SEDOL™, ISIN, Ticker symbol, local exchange code and industry sector classification.
Gareth Farry, senior data analyst at EDI, says, “We are confident that this data will provide Internet users with the best possible information resource for identifying Depositary Receipt programmes worldwide, making ADR.com the number one choice for ADRs on the web.” EDI’s relationship with J.P.Morgan reflects EDI’s growing reputation within the securities industry and underlines its continuing commitment to provide flexible and innovative solutions to clients worldwide.
ADR.com is the Internet’s most complete source for worldwide financial data and intelligence for more than 400 international companies. The site has search options by company, region or industry; tracks daily trading activities; and provides market commentary and global economic data. In addition, the site provides security details for a total of 1,800 ADRs. ADR.com also provides direct links to issuers’ home pages on the Web.
The American Depositary Receipt (ADR) is a security used widely by non-US companies to offer and trade their shares in the U.S. equity markets.
J.P. Morgan has been a pioneer and innovator in the ADR market since it created the first ADR in 1927. J.P. Morgan is the world’s largest depositary bank based on total dollar trading volume and institutional investment.
The Carson Group is the world’s foremost capital markets intelligence company. The company provides strategic consulting for publicly traded companies seeking to maximize shareholder value. It delivers timely, in-depth solutions to virtually any question concerning security holders. Carson monitors daily trading activity to identify the “who” behind buying and selling activity and explain the “why” behind these trades.
Note: SEDOL is a registered trademark of London Stock Exchange plc.