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The upstart data vendor is side-stepping the exchanges via a new service that it says will bring real competition to the corporate actions arena.
London-based data vendor Exchange Data International (EDI) is launching what its founder calls “a complete replacement service” for the corporate actions data services from NYSE and other major exchanges that will be priced at less than half of the redistribution costs charged by exchanges companies. “EDI has a policy of not kowtowing to egregious exchange...
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