EDI and Heale Financial agree data distribution deal

Source: Exchange Data International

Exchange Data International Ltd (EDI) is pleased to announce the signing of a joint marketing agreement with Heale Financial Ltd (HFLUK).

The agreement allows EDI to market HFLUK's global mutual fund holdings data to its clients in the financial community in general and to the information provider community specifically. The agreement is a prelude to the establishment of a UK based joint-venture Company to continue the collaboration between the two firms. Finalisation of the joint-venture company is currently underway and is expected to be completed in 2/3 months.

Additionally, the agreement allows HFLUK's parent company, Hong Kong registered Heale Financial Ltd (HFLHK), to market EDI's corporate actions data to its clients in the Far East and Latin America where HFLHK has additional subsidiary operations.

Jonathan Bloch/Kevin Brady, EDI's Managing Director/Director, said, "We are very excited to announce this agreement which will permit us to complement our corporate actions product with the provision of holdings and ancillary data on over 35,000 funds worldwide."

Additionally, Roger Heale, CEO of the HFL Group, said, "We are delighted to be working alongside such a fast growing and well recognised company such as EDI. We believe that the combined product offering is very attractive to the market."

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