Exchange Data International Enhances its Fixed Income ISO 15022 Corporate Actions Service‏

News Wire

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.”