MDX

ETD integrates EDI’s DerivActions

The integration launches a leading-edge futures and options corporate actions service.

ETD is pleased to announce the launch of a new corporate actions service for the futures and options industry, through a strategic partnership with EDI (Exchange Data International).

ETD and EDI have collaborated in mutual areas of market interest for many years and so it is with much anticipation that ETD announces this strategic partnership with EDI. The DerivActions feed is powered by EDI’s WCA, Worldwide Corporate Actions feed and covers all corporate action event types. The deep integration with ETD’s product suite will provide an effective and fit for purpose corporate actions data service for the futures and options industry, available across all the company’s core feeds and workflow products.

Mark Woolfenden, Managing Director of ETD said “We are very excited about extending our reference data offering to service derivative corporate actions, an important part of the trade workflow that has been underserved in the past.  Our long-forged relationship with EDI, in many ways our counterpart in the equities reference data space, provided a solid base to bring this to market. Both our organisations are ISO 9001 accredited and operate quality management systems to produce reference data that our clients trust and can rely on.”

Jonathan Bloch, CEO of EDI, commented “We are very pleased to provide our corporate actions on equity derivatives through ETD’s portal. This unique data feed has taken five years to build and pulls together corporate actions from the many equity exchanges with their corresponding derivatives. This is a unique service and will allow firms to automate their processes”.

Find out more about Corporate Actionsor contact us for a demo

Share

Related Insights

  1. Article
    Data normalisation - standardising the presentation of data to ensure it is consistent across required fields and records - is an essential component of effective financial data management, enabling reference data in particular to be recognised, interrogated and incorporated into required data workflows much more easily, and minimising the risk of reconciliation and compliance ‘fails’.
  2. Article
    Not only is there a requirement to report additional information, EMIR Refit also places enormous emphasis on enhancing and harmonising the quality of the data itself to support end to end validation and data reconciliation obligations, and to mitigate the risk of misreporting - and having to report associated reporting failures.
  3. Article
    Big isn’t necessarily always best when it comes to data services delivery and it’s important for financial firms to weigh up the relative pros and cons when considering what makes the most sense for them to support their data management needs.