Exchange Data International (EDI), the well-established provider of Security Reference and Corporate Actions data, today announced the availability of its extensive range of global data through a new and radically different Reference Data service called Ref-Data.com.
Ref-Data.com is a professional data network which allows Financial organisations to significantly reduce maintenance overheads, improve consistency and quality of their core Reference data with virtually no development or protracted lead times. Ref-Data.com contains data from EDI’s comprehensive range of Reference data e.g. Companies, Global Securities, Markets and Corporate Actions, Closing prices, Holidays, etc..
Ref-data.com allows consumers to confidentially upload any export of their internal data, view the results and to then download the same data file containing updates and any corrections. Consumers may also elect to simply append new data elements in their download. The sophisticated automation automatically maps and compares uploaded data with EDI’s extensive range of quality Reference data.
Any element of Reference data can be processed because of the dynamic data model in Ref-Data.com which automatically adapts as new uploads are added.
Jonathan Bloch, CEO of EDI says, “Ref-Data.com makes it very simple for consumers to efficiently benefit from EDI’s extensive data range and proven quality”.
Nigel Pickering, MD of 1View Solutions which has established the service says, “Ref-data.com is based on many years of experience and uses proven 1View software, which flexibly automates the traditional IT development activities and virtually eliminates delivery lead times for all consumers. The revolutionary technology within Ref-Data.com allows participants to efficiently deliver global data consistency across Federated datastores, something that was previously difficult and very expensive to achieve”.