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Exchange Data International Announces Partnership with XTAL Strategies

The exclusive partnership aims to launch new and compliant benchmarks on unlisted private market investments.
EDI partners with XTAL to launch Regulated Private Market Benchmarks

London, July 13, 2021 – Exchange Data International (EDI), a leading provider of global security corporate actions, pricing, and reference data services, has announced an exclusive partnership with XTAL Strategies, with the aim to support XTAL’s new regulated private market benchmark initiative.

The benchmarking initiative is launched in anticipation of the EU Benchmark Regulation (BMR – EU 2016/1011), coming into force in 2022, and will require EU-supervised users of indices to only use benchmarks that comply with the EU BMR. The EU regulation will impact investors and financial service providers globally.

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XTAL Strategies predicts the adoption of EU BMR standards will make current private market investor benchmarking tools obsolete, leaving some investors without an underlying objective benchmarking reference. XTAL Private Market Benchmarks aim to fill that gap with this compliant, transparent, accurate, and representative private market benchmark initiative.

Jonathan Bloch, CEO at EDIJonathan Bloch, CEO at EDI said, “EDI undertakes outsourcing for many different organizations and companies around the world. Leveraging our decades of experience in gathering and aggregating information over the years, EDI has linked up with XTAL to gather detailed information to construct private equity indices on unlisted private market funds.”

Massimiliano-Saccone, CEO at EDIMassimiliano Saccone, CEO at XTAL said, “XTAL Private Market Benchmarks are best positioned globally to be in the scope of the BMR regulation for private market investments. With broader segments of investors and regulators paying increasing attention, market participants will demand and rely upon benchmarks that are accurately calculated, objective and unbiased. XTAL has proven it has the experience and vision to provide such instruments and take this asset class to another level.”

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For more information, contact Exchange Data International:
Tel: +44 207 324 0020
Email: Marketing@exchange-data.com

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About XTAL Strategies
XTAL Strategies is a fintech company, developing private market indices, analytics, products, services, and technology solutions for private market industry participants. At its core, XTAL is a Benchmark Administrator with strong product and business development capabilities.

The company has a specific focus on innovation and continuous improvement of products and services, including technology, trading solutions, and operational efficiencies for the private markets.

The company was founded in 2009 and, currently, has offices in Milan and London.