AIM Software to deliver EDI market data
27 June 2006 | 1658 views | 0
Source: Exchange Data International
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 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 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."