Exchange Data International (EDI) and SimCorp, an SaaS (Software as a Service), have partnered to offer corporate actions data to their clients.
The integration of EDI’s worldwide corporate actions service within SimCorp’s integrated front-to-back investment management platform aims to offer clients access to information on all corporate actions events affecting global equities from over 150 exchanges worldwide, as well as data for more than 31,000 US mutual funds. This data will be delivered using the ISO 15022 format.
Jonathan Bloch, CEO of EDI, says: “As it is in an ISO 15002 format, there are no integration costs for the clients. SimCorp’s clients will now have access to four feeds a day increasing to seven by the end of the third quarter. By taking these feeds, SimCorp’s clients will be able to supplement and verify their custodian feeds, giving them certainty and accuracy.”
Anders Kirkeby, head of open innovation at SimCorp, comments: “SimCorp is committed to providing our customers choice through our Open Platform programme and welcomes EDI as our latest partner.
“Timely and complete corporate actions data are fundamentally important to investment firms. SimCorp integrates this data throughout the investment management process to provide reliable outcomes for our customers.”
