Exchange Data International (EDI), the well-established provider of global Reference and Corporate Actions data, today announced the opening of their Moroccan office in Agadir.
With the new North-African branch, EDI has enhanced its languages capabilities in French & Arabic and its coverage of the EMEA market. By sourcing the data in the original language and having its own dedicated team to cleanse and analyse it, EDI ensures its clients benefit from its experience and receive the same high-quality data for all markets, from the less transparent markets to the major ones.
EDI appointed Said Benbihi, a Masters graduate in Economics & Finance Translation, to run the Agadir office. Prior to this appointment, Said worked as a data analyst at EDI's headquarters in London and then as a North Africa & Middle East Research Analyst for Euromonitor, before moving back to Morocco.
"The success of our self-sourced UK corporate actions service showed us the positive impact of aggregating the data ourselves on both data quality and query handling. We therefore jumped at the opportunity to better the quality of our coverage of French and Arabic speaking countries." says Jonathan Bloch, CEO at Exchange Data International.
The opening of the Moroccan entity reinforces EDI's desire to break through the African and Middle East security markets. In July 2012, EDI extended its global presence with its new office in Cape Town to service the growing number of South African clients.
EDI's Moroccan office will also provide translation and other services to the local securities markets.
EDI has developed a suite of deep and rich data sets that enable financial institutions to track, analyse and action complex event changes on a daily basis covering over 90,000 equities, 500,000 bonds as well as warrants, end of day pricing and specialised data products.