About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

EDI Offers Corporate Actions Data Service Designed to Undercut NYSE Prices

Subscribe to our newsletter

Exchange Data International (EDI) has introduced a corporate actions service that it says undercuts data redistribution costs charged by the New York Stock Exchange (NYSE). EDI’s move is a response to a June 2017 NYSE policy that extends redistribution charges for corporate actions data in the equities space.

Jonathan Bloch, founder and CEO of EDI, explains: “Beyond its extremely high fees, NYSE imposed a requirement on its redistributors to provide names of downstream consumers of its data in order to charge an additional levy, should they redistribute the data, making the data more costly. We don’t do that.”

EDI has built up its corporate actions business over the past 20 years and in 2015 decided to source data on companies listed on NYSE independently of the exchange. The company has since built a corporate actions service based on this data and contends that its stance could be a game changer. Bloch says: “It’s about time the corporate actions sector had a competitive environment. We now provide redistribution users with the same quality datasets, for half the cost, without any onerous redistribution rules.”

He says redistributors are worried that other exchanges will follow NYSE’s approach, making corporate actions data expensive at a time when users are beginning to view it as a commodity. As well as containing redistribution costs, EDI is using technology tools, including web monitoring and machine learning, to automate as much corporate actions data processing as possible and deliver accurate and affordable services.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Businesses Struggling with ESG Data that will Aid SFDR Compliance

Most businesses are struggling to prepare their data to meet a new European regulation that is designed in part to deliver huge troves of corporate ESG information into financial institutions’ systems. More than four-fifths of companies questioned in a study by data mastering company Semarchy said they lack confidence in their data management capabilities to...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...