Exchange Data International (EDI), a leading provider of high-quality, accurate international securities data, and the international data management solutions provider AIM Software, announced that they have entered into a strategic alliance to provide price, static and corporate actions data from EDI via AIM Software's reference 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 centralize 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 minimize 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. Prebuilt interfaces to multiple databases facilitate a consolidated best of breed choice for our clients," said Jonathan Bloch, managing director of EDI.
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