Greater London Enterprise Awards 2018

12 SME NEWS / Greater London Enterprise Awards 2018 , Exchange Data International (EDI) helps the global financial and investment community better manage/reduce risk through the provision of fast, accurate, timely and affordable data reference services. To showcase the firm’s service offering we provide an overview of the company and the secrets behind its success. Best Financial Back Office Data Provider 2018 Since it was established in 1994, EDI has been supporting the global financial community by providing high quality securities reference data, corporate actions and end of day pricing services. Thanks to its vast database and unique industry insight EDI has been a provider of vital information to the financial markets for over 24 years. Its 400 staff in the UK, US, Canada, Morocco and India research and collect data from hundreds of sources, providing a comprehensive global service to institutions around the world. EDI uses smart systems and machine- learning to ensure excellent data quality. The company can source, check and supply data without the massive overheads or burden of legacy technology, and passes on the efficiency and cost savings to its clients. Over the years, EDI has consistently taken on much larger competitors, such as the New Exchange Data International Ltd. LON18018 Company: Exchange Data International Ltd. Contact: Jonathan Bloch Address: 5 Highgate Road, London, NW5 1JY, UK Phone: 02073 240020 Website: York Stock Exchange and given the market a viable, cost-effective alternative, working to achieve its mission: to create a fair market for all, by creating a competitive environment and challenging much larger suppliers. A key example of this is when EDI launched a like-for-like replacement of New York Stock Exchange’s (NYSE) Corporate Actions data at less than half of NYSE’s cost, which subsequently signalled a significant change in the market. By eliminating NYSE’s June 2017 redistribution rules, the firm introduced a complete, competitive alternative for clients. NYSE also required redistributors to provide the names of downstream consumers of their data, which adds considerably to the cost of the process. EDI offers the same quality data sets to redistributors at half the price and removes inconvenient redistribution rules. This helps drive the firm towards its ultimate goal, which is not only to provide an excellent service to clients but also to disrupt and change a market dominated by huge companies. This will remain its key focus as the firm seeks to grow locally and globally, providing firms around the world with a genuine choice. The team at EDI will continue to introduce much-needed competition into the corporate actions and reference data markets, providing the market with a cost-effective, comprehensive alternative to the giants which currently dominate it. F i n a n c i a l B a c k O f f i c e D ata P r o v i d e rs