Exchange Data International (EDI) and BIQH Financial Data Services (BIQH) are pleased to announce a continuing collaboration as a data vendor and data management solution. EDI currently provides End of Day Pricing, and now also includes Equity and Derivatives Corporate Actions to BIQH’s institutional clients.
This ongoing collaboration between the two businesses aims to leverage their respective market data (EDI) and software solutions (BIQH) to financial institutions globally.
Background to EDI and BIQH
EDI has been running for over 29 years, offering comprehensive and accurate Securities Reference, Corporate Actions and Pricing data across a diverse range of financial instruments including, Derivatives, Equities, Fixed Income and Investment Funds around the globe. BIQH remains entirely vendor independent, whilst providing Market Data Management as a Solution and as a Service, giving their clients total peace of mind regarding the market data landscape. Whilst using BIQH products and services, end-users can retrieve, consolidate, manage, and use market data efficiently. Users have been proven to significantly lower spending on market data operations while improving time-to-market for their compliance and innovation needs.
Why use EDI data?
In a financial world driven by trusted & timeliness financial information is essential for markets to function correctly. Investors need complete and accurate information about the securities they are holding, the exposure they need to hedge, EDI data can provide associated information that can alert material changes for a security in question and this in turn might also necessitate action on the part of the investor. For example, there may be an immediate trade made based on the Corporate Action, or (in the case of institutional investors) a need to communicate new information to clients.
EDI understands how crucial financial and economic data is and takes a different approach as to how we proceed:
- EDI does not rent data, they sell it
- EDI does not have onerous redistribution rules
- Ability to customise our services to meet your
- Global coverage for countries – no matter how large or small
- Finally, EDI are the most cost-efficient
As a result of EDI’s ongoing commitment to providing cost-effective and innovative data solutions, while ensuring the highest standards, EDI has achieved the internationally recognized quality and security certifications ISO 9001 and ISO 27001. Headquartered in the United Kingdom, we have operations in Germany, India, Morocco, South Africa, and the United States.
Why use the BIQH Market Data Platform?
The dynamic and complex nature of market data requires a holistic approach. Market data is undergoing lots of changes in licensing, content and usage. Centralizing market data is not enough when the requirements of clients, regulators, partners, and colleagues change fast. Clients need the agility to adapt quickly when – for example – new regulatory reporting requirements are becoming applicable or new sales propositions need a quick go-to-market before a competitor does.
The BIQH Market Data Platform is the hosted solution to prevent clients from the risk of slow innovation, licensing issues as a result of data vendor lock-ins, and disparate databases leading to data inconsistencies. By using the platform, clients will get control over their current and future market data needs. Also, they will profit from economies of scale by using the robust and multi-vendor data model which is also suitable for client-owned proprietary data. By using one single truth of the data, data consistency is guaranteed and data quality is constantly monitored by BIQH. Say goodbye to double licensing expenses and error-prone manual interventions in regulatory and client reporting.
In summary, the collaboration between EDI and BIQH empowers clients to access premium cost-effective data sets of the highest quality, suitable for a variety of use cases. We eagerly anticipate further collaboration, with a focus on expanding our offering to other asset classes in the future.