PRESS RELEASE
Exchange Data International forms alliance with AIM Software
EDI maps content to AIM Software's data integration platform GAIN
LONDON, June 27 - Exchange Data International (EDI), a leading provider of
high-quality, accurate international securities data, and the international
data management solutions provider AIM Software, announced today that they have
entered into a strategic alliance to provide price, static and corporate
actions data from EDI via AIM Software's data management platform GAIN.
Financial institutions need accurate, consistent and complete reference data so
they can increase efficiency through straight-through processing and shorten
the settlement cycle. They also must have quick access to corporate actions
announcements that can affect securities holdings. To this end, EDI and AIM
Software agreed on collaborating to facilitate the integration of EDI's
financial markets' data and to centralise the data management process within
financial institutions.
AIM Software's modular and scalable platform GAIN offers clients a wide range
of functions for the automatic processing of data, and EDI provides premium
securities information. The combined offering helps financial institutions
minimise the costs and risks associated with back office processes and improve
operational efficiencies.
"AIM Software's state-of-the-art data management platform combined with the
quality of the EDI financial market data offers clients a truly scalable
solution for managing reference, pricing and corporate actions data across all
asset classes. Pre-built interfaces to multiple databases facilitate a
consolidated best of breed choice for our clients," said Jonathan Bloch,
Managing Director of EDI.
"This strategic alliance with EDI means another step forward for AIM's global
strategy to offer total reference data management solutions to the
international financial industry," added Josef Sommeregger, head of Business
Development of AIM Software. "The expertise and know-how of both companies will
help companies reduce overall costs by increasing the reliability and the
efficiency of their data processing. We are looking forward to support clients
in integrating EDI's high-quality data."
About Exchange Data International
Established in 1994, Exchange Data International 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. For more information,
visit http://www.exchange-data.com.
About AIM Software
Established in 1998, AIM Software (Advanced Information Management Software) is
one of the leading providers of reference data management and risk management
solutions for financial markets with offices in Switzerland, France, the USA,
Hong Kong and Japan and services more than 90 clients worldwide. AIM Software
operates on an international scale and services the major financial centres
based on its worldwide service and support partner network. Supported by the
company's expertise in the areas of reference data management, risk management
and financial instrument pricing, the creation of leading edge software in
these areas is the cornerstone of AIM Software's business. For more
information, visit http://www.aim-sw.com.
For further information please contact:
For Exchange Data International
Jennifer Massing
MassingPR, LLC for EDI
Tel: +1 917 293 2405
jenm@massingpr.com
For AIM Software
Gerlinde Pachinger
PR & Communications
Tel: +43 1 5124652-228
pr@aim-sw.com
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