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EDI Adds Dividend Data to FinDataPortal, But Who is Using the Service?

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Following its launch last year, FinDataPortal (FDP) has added Exchange Data International’s (EDI) worldwide dividend data to its solution offering. EDI’s data feed will allow FDP to provide its users with in-depth coverage of cash and stock dividends across approximately 110 countries, says Jonathan Bloch, CEO and founder of EDI.

The company, which was launched by EDI in cooperation with Standard & Poor’s in November 2008, aims to offer users with an intuitive web interface via which they can control their data usage. Against a background of data rationalisation projects, as firms slash their spending in reaction to the economic downturn, this seems to be a rather sensible proposition. However, the company has been rather quiet since its launch with regards to client wins.

In order to up its game, it seems to be adding more data feeds to its offering in the form of EDI’s worldwide dividend data. Accordingly, clients can now search for dividend announcements for a specific security or at a global or portfolio level. Additionally they can create a dividend calendar on ex, record and pay dates for a five day period based on their holdings or globally, says the vendor.

“FDP is a great opportunity for data providers to reach a new type of customers with occasional data needs,” claims Bloch. “We are delighted to distribute our dividend data through this on-demand portal and are currently working on expanding our offering with shares outstanding data.”

Standard & Poor’s was the first data provider to publish two of its data sets, North American Dividend Record and Unit Investment Trusts, on FDP. By adding EDI’s worldwide dividend offering, FDP hopes to offer subscribers the opportunity to access a more comprehensive set of global corporate actions data via a single source.

In the near future, FDP indicates that it expects to add data offerings from several other as yet unspecified data providers. Perhaps this will allow it to gain more traction in the tough reference data provider market, which is already dominated by the data giants.

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