The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Exchange Data International joins the Prime Source Independent Valuation Service

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.”

Related content

WEBINAR

Upcoming Webinar: Best practice approaches for corporate actions automation

Date: 18 November 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Demand for timely and accurate corporate actions data is growing as volumes and complexity rise, and financial institutions acknowledge the increasingly costly gap between accurate corporate actions processing in real, or near-real, time and faulty processing caused by poor...

BLOG

DTCC Data Services Aggregates Back-Office Data to Provide Front-Office Market Insight

DTCC Data Services is tapping the vast quantities of post-trade data that flow through DTCC on a daily basis to deliver back-office data to front-office data products offering market insight into areas such as liquidity, risk, momentum, sentiment and correlation. Early users of the historical data products include hedge funds and quant traders looking for...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...