Exchange Data International (EDI) Announces Qualified Indices Service for 871(m) Compliance

Amendments to the US Internal Revenue Service (IRS) regulations 871(m) announced in September 2015 and are due to come into effect January 1, 2017.  These changes require dealers to withhold US federal taxes on certain equity linked instruments, including those which reference indices.  IRS guidance notes published on December 2 provide further details on enforcement and administration during the phase in period.

London, 13 December 2016 – To comply with these changes dealers must be able to identify which equity linked instruments are in scope and as part of that determination the IRS has provided a set of criteria for qualified and non-qualified indices as part of 871(m).

Exchange Data International has reviewed the universe of underlying indices for derivatives traded on the full list of exchanges recognised by the IRS.  Index composition, weightings, dividend yields, and rebalancing methodologies for each are analysed against the IRS 871(m) qualified indices definitions allowing each index to be appropriately flagged. 

Jonathan Bloch, CEO of Exchange Data International said, "Dealers require accurate data to meet the January 1,2017 implementation of these new 871(m) regulations.  With over 20 years’ market data experience, and comprehensive databases, EDI is pleased to simplify compliance with quality, reliable data solutions."


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 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.

EDI’s African Financial & Economic Data Launches Its 2.0 Version – 3 New Packages Are Introduced

African Financial & Economic Data (AFED) a provider of definitive financial and economic intelligence on Africa and product of Exchange Data International (EDI), announces the release of version 2.0 of its online service.

London, 7 December 2016 – AFED provides subscribers access to a comprehensive suite of Africa’s economic, macro-economic and financial information. In version 2.0, subscribers have more control over the data and a brand-new subscription based, package system is introduced – Country Profile, Sector Focus and Data Hub.

We listened to clients and have made substantial changes to the database. Clients can now subscribe to individual countries or sectors. In addition, the data is available via data feeds. As commodity prices stabilise and economic uncertainty hits the developed world, Africa will become relatively attractive. The AFED database contains the information required to make informed decisions about investments in Africa.” – said Jonathan Bloch CEO of Exchange Data International

Divided in 13 Topics (National Accounts; Government Finance; Money & Banking; Inflation, Prices & Wages; Geography & Environment; Balance of Payments & Trade; Total Debt: Domestic & External; Business & Industry; Resources & Energy; Employment, Income & Poverty; Politics, Government & Society; Population & Health; Education) and with +3,000 key economic indicators, Country Profile provides in-depth coverage for all 54 African economies.

Sector Focus allows users to access economic and financial indicators, on all 54 African economies, for their sector of interest. Subscribers can select from a list of 15 Sectors: Agriculture, Fishing & Farming; Automotive & Transportation; Education; Employment, Income & Poverty; Energy; Environment & Infrastructure; Financial Sector; Governance, Politics and Violence; Health & Pharmaceuticals; Information & Communications Technology (ICT); Manufacturing, Retail & Wholesale; Population; Real Estate, Building & Construction; Trade; Travel & Tourism.
With over 26.5 million data records for over 50,000 key economic and financial indicators, Data Hub contains everything in the database. For ease of use, Data Hub is divided into 7 datasets: Economic Data, Exchange Rates, Interest Rates, Fixed Income, Closing Prices and Calendars (Public Holidays, Economic Calendar and Bond Auctions). Users can query each of the available datasets individually, produce time series analysis, extract the customised reports and easily commingle datasets.
We strive to give our clients the best possible options to make the data selection process as easy as possible. We cover more than 190 sources (divided into local, international, and regional) for easy comparison and analysis. Clients can stay on top of expected and confirmed releases via our economic calendar” - said Ilze Gouws, AFED Project Leader

AFED focuses on local sources and complements the data with carefully selected international ones to provide the highest quality data.  All figures are reported as published by the source leaving subscribers the choice to adjust if required.

For anyone already with, or now seeking, an African footprint, AFED provides direct access to standardised, comprehensive and clear data, derived only from trusted, named sources.

Visit www.africadata.com for more detailed information on the different datasets and request a 1-month free trial.

About African Financial & Economic Data:

African Financial & Economic Data (AFED) is a product of Exchange Data International and provides definitive economic intelligence on Africa. AFED’s unparalleled overview of all 54 African economies provides interested parties in African countries with the detailed financial and economic information they need to make good political, financial, strategic and investment decisions. Learn more at https://www.africadata.com/.


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 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.

Exchange Data International Improves its Worldwide Adjustment Factor Service – New Version Available Now


Exchange Data International (EDI), a provider of global security corporate actions, reference data and end-of-day pricing, are pleased to announce today the new Version.2 of its Worldwide Adjustment Factor feed service.


London, 29 November 2016 - EDI’s Worldwide Adjustment Factor service allow its clients to compare a stock’s performance with adjusted pricing data, which considers distributions and corporate actions. Clients can compare historical pricing data with current prices and conduct detailed analysis with either EDI’s adjusted closing prices or adjustment factors data feeds. Now clients can benefit even more from the new additions to the updated adjustment factor feed.


The new Version.2 will include the following three major additions:

  • Inclusion of FIGI codes. FIGI codes have been added which allow clients to crosscheck data sets.
  • The fields that were sub-fields in the Detail field of the previous version now have their own fields. For example, DivType was in the Detail field (event description) as DIVPERIOD= This will allow for easier integration of the data.
  • The Reason codes are different, expanded to 3 characters enabling higher level groupings of reasons. For example, all dividend reasons begin with "01", with the 3rd character depending on whether it is cash, script or both. This allows greater granularity when deciding to apply or not. 

Jonathan Bloch, CEO of Exchange Data International commented “EDI is constantly enhancing its existing product set to add data and features requested by our clients. Version.2 of the adjustment factor feed makes improvements requested by our users”.

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 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.

Exchange Data International (EDI) Introduces Economic Indicator Service (EIS) in Partnership with AlgoCircle.

AlgoCircle is a technology-enabled platform, created to deliver professional financial market content to financial intermediaries across equity, currency, commodity and other markets.


London, 9 November 2016 – Together with AlgoCircle, EDI is pleased to announce the launch of the Economic Indicator Service (EIS) which expands its data coverage to include worldwide economic data.

The new EIS aims to deliver professional economic content to financial institutions on both the buy and sell side, and service providers. This new service currently covers 2229 recurring macro-economic indicators, such as GDP data, unemployment releases, PMI numbers etc. from 37 countries. EDI is enhancing this service by adding additional countries, including: Chile, Denmark, Egypt, Finland, Indonesia, Israel, Pakistan, Philippines and Taiwan.

Key information about EIS:

  • Cloud-based service – which is delivered via HTML/JavaScript application formats, which can then be embedded onto any website using iFrames
  • Alternatives methods available such as JSON feed for economic calendar that can be integrated onto the company’s system
  • Live data – updated 24/5, immediately after the data is released
  • Historical data – includes feed of all previous economic indicators

Jonathan Bloch, CEO of Exchange Data International emphasized “EIS represents a new data set for economic data. We are very pleased to be working with AlgoCircle. We believe that we can provide an effective and timely solution to investment firms seeking to provide their clients with up to date economic statistics”.
In that regard, Narendra Joshi of AlgoCircle commented “AlgoCircle is a unique company combining domain expertise in financial sector with cutting edge digital solutions to convert data into Actionable Intelligence on real-time basis. We are delighted to be working with Exchange Data International, enhancing our value propositions to investment professionals”.

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 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.

About AlgoCircle:

AlgoCircle Ltd is a UK based company with expertise in providing complete IT solutions in financial services sector. The focus is on providing financial services firms with algorithmic solutions that automate extraction of research intelligence from structured and unstructured data. AlgoCircle was founded by professionals with deep expertise in data, statistics and large scale programming, as well as long experience of the financial markets. AlgoCircle’s founders have gained their edge working in senior positions for banks and mutual funds as traders, asset managers, financial analysts and software architects. For more information about AlgoCircle, please visit http://algocircle.com/.

Exchange Data International (EDI) Partners with Quandl to Expand its Worldwide Corporate Actions Database.

Quandl, a data platform which hosts financial and economic data from hundreds of different publishers, has also now integrated EDI’s Worldwide Corporate Actions Database to expand its offerings to existing and new clients.



London, 11 July 2016 – Together with Quandl, EDI is pleased to announce that clients of Quandl will now have access to EDI’s Worldwide Corporate Actions database.

Key Information about this database:

  • More than 4.5 million records of corporate actions for over 300,000 securities from over 100,000 companies around the world. 
  • Covers over 150 exchanges and 60 different types of corporate actions, including dividends, bonus issues, right issues, mergers and buybacks of shares. 
  • Accompanied by database containing thorough reference information for securities. 
  • Also includes additional information about each corporate action, such as event type code, unique global event identifier and general notes. 
  • Updated daily 

Jonathan Bloch, CEO of Exchange Data International commented “We are very pleased to be working with Quandl to make this data set available to their clients. Every day, EDI translates up to 36 languages and covers over 150 exchanges. Equity investors will now have the opportunity to purchase the data by exchange and country as and when they wish to monitor a particular security, exchange or country”.


About Quandl:

Quandl helps data analysts save time, effort and money by delivering high-quality financial, economic, and alternative data in the precise format they need. Founded in 2012, the Quandl platform is used by over 100,000 people including thousands of analysts from the world’s top hedge funds, asset managers and investment banks. Professionals use Quandl for its rich suite of databases and unrivalled data consumption experience. Quandl is headquartered in Toronto. Learn more at www.quandl.com, visit us at the Quandl blog, or follow us on Twitter @quandl.


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 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.

Exchange Data International Joins FinTech Sandbox as Newest Data Partner.


Will make comprehensive and complete securities reference data for the world’s equity and fixed income instruments available to startups in order to advance innovation in FinTech.


BOSTON, MA - JUNE 01, 2016

FinTech Sandbox today announced that Exchange Data International (EDI) will make securities data available to Sandbox residents, helping to facilitate innovation in financial technology.
Remarked EDI CEO Jonathan Bloch, “We are very excited to partner with FinTech Sandbox as we strongly believe that the future of the financial sector will be determined by the new FinTech companies. Exchange Data International is happy to facilitate their birth and success.”

EDI is offering detailed information gathered daily from more than 600 sources on 21 different types of financial instruments covering 215 exchanges around the globe, including hard-to-get data from emerging markets.
Boston-based non-profit FinTech Sandbox makes financial data and infrastructure provided by its partners available to FinTech startups that pass a rigorous application process. The Sandbox doesn’t charge fees or ask for equity from residents. Instead, residents are expected to collaborate with each other in order to share learning and promote advances that benefit the entire FinTech ecosystem. The six-month program includes:

  • A robust set of data feeds and APIs from a wide array of data partners
  • Cloud hosting from industry-leading infrastructure partners
  • Learning, networking, and collaboration opportunities in a dynamic FinTech community.
  • Demo days that offer startups the opportunity to showcase their products for a live, highly-qualified audience.

Said Jean Donnelly, Executive Director of FinTech Sandbox,
“We are very excited to have EDI come aboard. FinTech entrepreneurs around the world will use their data as they build the next great financial startups.”

About Exchange Data International
Exchange Data International (EDI) 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 that are Africa, Asia, Far East, Latin America and Middle East. EDI is based in London, with offices in New York and India and Morocco. For more information about EDI visit http://www.exchange-data.com.


About FinTech Sandbox
FinTech Sandbox is a Boston-based nonprofit founded to promote financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs and startups. Sponsors include Fidelity Investments, F-Prime Capital, Thomson Reuters, Silicon Valley Bank, Amazon Web Services, Intel, SIX Financial Information, Goodwin Procter, State Street Bank, and .406 Ventures. For more information, please visit http://www.FinTechSandbox.org and https://twitter.com/FinTechSandbox.

EDI Partners with Vertical Management Systems.

VMS has integrated EDI's global corporate actions and securities reference data to expand its offering to Asset Managers.

London — May 18, 2016 — Exchange Data International (EDI), a global leader in supplying securities reference data, corporate actions and closing pricing information to the financial community, is pleased to announce a new partnership with Vertical Management Systems, Inc. (VMS), one of the US leading providers of data, financial networking and account aggregation technology.

The partnership enables VMS to expand into the distribution of domestic and global securities data. Coupling VMS’ industry-leading mutual fund data solutions with this EDI’s comprehensive reference data services allows VMS’ clients to receive all their required information from a single trusted source, and superior accuracy, which enables their clients to minimize the associated inherent processing risks.

“EDI is a natural partner for us and our clients,” noted Kevin Rafferty, president and CEO of VMS. “We see a growing demand for data in the multiple financial industry segments we service. In addition to flexible pricing, clients can be assured that their securities reference data is the most up to date. Providing assurance and flexibility in a cost effective manner is at the heart of what we do. ”

“We are pleased to work with VMS to expand our data offering to clients,” said Jonathan Bloch, CEO of EDI. “With this partnership, we are now able to add mutual funds, corporate actions and dividends data to our current services which extensively cover equities, fixed income, and derivatives securities, making for a fuller, more robust offering.”

About Vertical Management Systems, Inc. (VMS)
Vertical Management Systems, (VMS) is one of the nation’s leading providers of data, financial networking, and account aggregation technology. For more than 20 years, VMS has designed, developed and hosted accounting and securities process-and-control solutions for the largest financial institutions in the United States. Its retirement platform, Retirement Revolution is a leading supplier of next-generation retirement solutions. www.vmsholdings.com.



Exchange Data International Launches a New Fixed Income Corporate Actions Feed.


London, 16 February, 2016 - Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, announced today the release of a new version of its Worldwide Fixed Income feed.

EDI’s Worldwide Fixed Income service provides a comprehensive overview of the global fixed income market. It covers new corporate, government and agency bond issuance from 150 countries, as well as changes to their terms and conditions.

The new Fixed Income Corporate Actions feed focuses on providing detailed and timely information on current events such as Interest Payments, Conversion, Bankruptcy, Securities in Default. The feed comprehensively covers full and partial redemptions whether they be Repurchases, Tender Offers, Dutch Auctions…

“Historically corporate actions have only been associated with equities yet every year there are thousands of changes affecting debt securities. The EDI Fixed Income Corporate Actions Feed fills this void. This feed is available separately from EDI’s Fixed Income Terms & Conditions.”, says Jonathan Bloch, Chief Executive Officer at EDI.

The Fixed Income Corporate Actions feed is available in both proprietary format and ISO 15022 MT564&568 standards. The ISO 2015 compliant file is fully compatible with EDI’s signature equity corporate actions service.

For more information on EDI’s Fixed Income Corporate Actions feed, please contact EDI at info@exchange-data.com

EDI's Security Reference & Corporate Actions Now Available on Kuberre System’s Security Master Platform.

Expanded Content Enhances Kuberre’s Hosted Security Master Content Set.

Boston and London, February 1, 2016 – As part of its continuing strategy to provide a reliable and robust security master platform as a service (PaaS) to asset managers, Kuberre Systems today announced that it has integrated and is now offering EDI’s equity security reference, pricing and corporate actions data sets on its consolidated Security Master platform.

With more than 20 years of experience, Exchange Data International (EDI) offers comprehensive and complete securities reference data for equities and fixed income instruments around the globe, with special emphasis on emerging and frontier markets.

Kuberre’s Global Security Master solution offers clients a consolidated, cloud hosted and managed platform with extensible API’s and interfaces to easily integrate into client’s environments. Consisting of over 33 million tradable securities across 700+ investment types with over 1600+ normalized data items from established market data vendors, Kuberre addresses and eliminates the daily challenges of data normalization, data taxonomies, data integrity, and data maintenance associated with multiple vendor feeds that every asset manager faces. With its extensible API’s, entitlements and processes supported through a robust orchestration engine, the platform is designed to be available 24x7x365 and serves some of the largest investment management enterprises in the world. The underlying data model is designed to support not only exchange listed securities, but also supports client specific OTC instruments and structured products, thus facilitating 100% coverage of instruments and their integration with clients accounting and trading system infrastructures.

“Exchange Data International is a forward-thinking company and as such is always considering innovative ways of delivering its data sets to potential clients.” said Jonathan Bloch, CEO at Exchange Data International. “We are excited to partner with Kuberre to bring reference data, corporate actions and prices to the Global Security Master solution. We are confident that clients of the solution will benefit from the additional information.” he added

“With its established reach in many of the asset managers that we already work with, we are excited about the partnership as it enables our clients to receive EDI specific content as part of a consolidateddata pipe” said Kumar Metlapalli, founder and CEO of Kuberre Systems. “Our Security Master is designed to help our clients offload mundane, yet mission critical, tasks of maintaining a security master and free them up to focus on their core business activities” he added.