FEDS Partners with EDI and Mergent

Corporate Actions Processing Company, Fidelity Enterprise Data Systems, Partners with EDI and Mergent.


Boston, June 10th, 2002, Fidelity Enterprise Data Systems (FEDS), a Fidelity Capital company and a leading provider of corporate actions event information, announced today that it has signed contracts with both Exchange Data International (EDI) and Mergent, Inc (formerly Moody’s Financial Information Services) to provide corporate action data for its ActionService product.

Fidelity Enterprise Data Systems receives corporate action data from multiple sources and uses experienced industry professionals to compare data, resolve conflicts and augment information. As part of this offering, EDI will provide Non-North American Dividend and Corporate Action information and Mergent, Inc. will provide North American and Canadian Dividend and UIT data.

“We continually evaluate the third-party vendor landscape to ensure that we are delivering the most timely, accurate and comprehensive data available at the most cost effective price,” comments Linda Stewart, president of Fidelity Enterprise Data Systems. “Both EDI and Mergent have strong reputations within the financial services industry. By incorporating EDI and Mergent into our service delivery equation, we will help the majority of our clients to realize cost savings, while continuing to maintain the same high standard of quality that defines our products and services.”