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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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.