PRESS RELEASE
EDI And InfoDirect Launch Enhanced Worldwide Adjustment
Factors Service
Financial Firms Benefit Through Accurate, Up-to-Date Price
Data
(London and Australia. July 11th2006)
Exchange Data International (EDI), the premier provider of
high-quality, accurate international securities data, and InfoDirect, a
provider of quality wholesale market data, have launched an enhanced Worldwide
Adjustment Factors service to complement EDI’s price files. Financial
organizations that provide technical analysis tools to private and professional
investors will benefit by having access to accurate, up-to-date information at
a reduced cost
Developed in response to customer demand, the Worldwide
Adjustment Factors service provides daily adjustment factors for more than 140
exchanges around the globe. It covers the eight major event types including
Bonus, Rights, Entitlement, Dividend, Subdivision, Consolidation, Call and
Return of Capital.
Each record is disseminated on its ex-date or effective date whichever is
applicable, with a number of tab-separated fields for easy extraction of the
embedded data. A code identifies the type of event so firms can use the event
to adjust the historical prices.
Whether a financial firm deploys online or offline tools, the service helps
perform necessary adjustments to smooth historical data. They can source and
seamlessly integrate prices and adjustments to create high-quality charts.
“Until now, delivering quality charts with price trend continuity has been a
challenge for financial firms,” says Michael Beardmore, Director, InfoDirect.
“With the enhanced adjusted prices service, key events are factored into global
stock prices so investors can accurately assess their returns.”
Firms can access the data through a web-based application and interrogate the
database using search criteria such as SEDOL, ISIN and Local Codes. They can
view the returned records on the screen or extract the data and download it
into a tab-delimited file, which can be easily opened in Excel. They can also
automatically receive new announcements on securities they have selected via a
daily email. This critical information may be run against the user’s portfolio
that has been uploaded to the service. Users can also create defined search
criteria based upon fields such as date range, event type(s) and
country/exchange. The web site is updated throughout the day. As exchanges
close and their end-of-day prices become available, the adjustment factors are
also updated.
“We are pleased to offer the Worldwide Adjustment Factor Service with
InfoDirect,” says Jonathan Bloch, managing director of EDI. “This service will
help firms centralize their corporate actions operations, reduce risk and save
time and money. Not only do they need fewer data feeds, but it takes staff less
time to process information.”
About Exchange Data International
Established in 1994, Exchange Data International (www.exchange-data.com) is the
premier provider of quality and accurate international securities
administration reference data. The company provides back office solutions and
securities data to most of the major brokerage houses, custodians, and data
vendors internationally. In the decade since it was founded, EDI has garnered a
worldwide reputation for high quality and accuracy of its international
securities administration data. EDI has won acclaim for its innovations and
rapid deployment of state-of-the-art technologies. This has allowed the company
to expand both its product range and its geographic coverage, while retaining
its original advantages as a lean company with low overheads that listens to
its clients and responds to their needs and concerns in a flexible, innovative
and cost- effective manner. EDI is a wholly owned subsidiary of Information
Publishing Plc.
About InfoDirect
InfoDirect was created by JustData and Infoscan to provide corporations with
quality wholesale market data.
Headquartered in Australia, JustData provides end-of-day market data to private
investors who rely on technical analysis for trading. JustData offers fully
integrated solutions as well as software for technical analysis, portfolio
management, and system development, testing and running. Using EDI's price data
and this new Adjustment factor service, JustData, in conjunction with Daryl
Guppy (international finance author and trader), has developed a technical
analysis application specifically for the Chinese market.
New Zealand-based Infoscan delivers real-time, delayed, end-of-day and historic
market data to customers worldwide through the Internet and mobile phone, and
to customers in New Zealand by broadcast to decoders and pagers. Information is
sourced from banks, exchanges and premium suppliers such as Reuters. Infoscan's
services can be re-branded and white-labelled by wholesalers wishing to
distribute it to their target market.
For further information please contact:
For Exchange Data International
Jennifer Massing
MassingPR, LLC for EDI
Tel: +1 917 293 2405
jenm@massingpr.com
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