The provider has added 22 countries to its investment fund reference data service coverage.
Exchange Data International (EDI), a provider of global securities data, has added 22 countries to its investment fund reference data service coverage to meet the needs of wealth management companies with investment funds in their client portfolios that need reference and corporate data for updates, officials say. The additional coverage is available now.
“We have found that many wealth management companies have investment funds in their client portfolios and they need reference and corporate actions data to update the portfolios,” Jonathan Bloch tells FTF News.
EDI has also “expanded its North American Mutual Fund NAVs, dividends, and corporate actions coverage. Additionally, it now supplies dividend reclassification data to two major U.S. financial institutions,” officials say.
“Also, they need reference data to which they can attach NAVs [net asset values]; dividend information is required to calculate the yield and expected revenue for the clients,” he adds.
The dataset encompasses key financial centers such as the United States, the United Kingdom, Luxembourg, Ireland, and emerging markets such as South Africa, India, and Singapore, according to the announcement. “In addition to core fund reference data, EDI provides dividend and corporate action information, offering clients a complete and actionable dataset,” officials add.
The investment fund data offered by EDI “spans 41 critical fields, including security identifiers (such as Bloomberg identifiers and, for licensed clients, SEDOL), country of registration, and currency,” officials say. The data is available via direct feeds, application programming interfaces (APIs), web access, and Snowflake, and can be integrated into client workflows.
EDI will be expanding its coverage further to six additional countries.
“We are starting to gather the reference data and to reach out to the different fund management firms to be placed on the distribution list for corporate actions and dividends,” Bloch says. “This enhancement strengthens EDI’s commitment to delivering comprehensive, high-quality market data to financial institutions worldwide.”
The expanded data service could prove useful for any projects involving the exploration of artificial intelligence (A.I.) because firms “have up-to-date raw data with which to work,” Bloch says.
EDI officials say that they source all data directly from fund management companies and administrators to ensure accuracy, completeness, and compliance with industry standards. “This direct sourcing model minimizes discrepancies, outdated records, and data gaps,” officials say.
Jonathan Bloch
EDI provides securities reference data and corporate actions, fixed income, and derived data services to financial services firms around the globe, officials say. EDI has a team of 500 staff members that review “700 sources and support 35 languages and 25 million corporate actions every year.”
Bloch founded EDI in 1994 in London. The company also has locations in the U.S., India, and Morocco.
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