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Exchange Data International joins the Prime Source Independent Valuation Service

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Prime Source, NYSE Euronext’s independent asset valuation service, is pleased to announce the addition of Exchange Data International Limited (“EDI”) as a “closing prices” contributor to its service.

EDI is a recognized provider of Securities Reference and Corporate Actions Data covering more than 420,000 bonds worldwide and nearly 90,000 listed equities; – tracking over 150 markets. EDI covers all major markets with a special emphasis on emerging markets.

As part of EDI’s ongoing commitment to support market transparency and provide reliable valuations metrics, they will be offering closing prices, via the Prime Source service, for a range of Stock Exchanges Worldwide including Hong Kong, Singapore, Arab Emirates, Morocco and Kenyan stock exchanges across financial products.

Prime Source offers a one-stop service for independent valuations and is wholly owned by the NYSE Euronext exchange group, thereby avoiding potential conflicts of interest with respect to asset valuations. Prime Source can value a comprehensive set of products ranging from Vanilla to Term-Sheet trades and Structured Credit (Cash or Synthetic).

Prime Source believes the addition of EDI’s closing prices will further strengthen its offering of valuation metrics to banks, hedge funds, fund administrators, auditors, asset managers and investors (risk management, compliance) as well as issuers. This announcement comes at a time of increasing demand for impartial valuation services, with regulators and institutional investors calling for greater transparency and independence in the valuation of complex securities.

Jonathan Bloch, Chief Executive Officer at EDI, says:

“We are delighted to provide Prime Source with Worldwide Closing Pricing Data and contribute to this innovative and flexible valuation service. Prime Source offers a cost-effective solution to the pricing issues that have been at the core of the current financial crisis.”

Marie-Hélène Crétu, CEO of Prime Source said,

“We welcome Exchange Data International as a new and additional contributor to the Prime Source service. Exchange Data International’s closing prices, from many worldwide exchanges, will add tangible value to the depth of valuation services available via Prime Source. Through Prime Source, users can obtain the information they need to facilitate their valuation process in one single, independent source, allowing them to make an educated choice on pricing and valuation for complex and diverse instruments within their portfolio.”

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