Exchange Data International Partners XTAL Strategies

Exchange Data International (EDI) has partnered XTAL Strategies with the aim to support XTAL’s regulated private market benchmark initiative. The initiative comes ahead of EU Benchmark Regulation (BMR), which comes into force in 2022 and will require EU supervised users of indices to only use benchmarks that comply with the regulation. XTAL predicts the adoption of BMR standards will make current private market investor benchmarking tools obsolete. The initiative to develop private market benchmarks aims to fill the gap. EDI will source detailed information required to construct private equity indices on unlisted private market funds.