OTC Markets Group and Exchange Data International Launch OTC Corporate Actions Data Service
New service helps investors mitigate trading risk associated with corporate actions
PR Newswire
NEW YORK and LONDON, May 28, 2013
NEW YORK and LONDON , May 28, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, and Exchange Data International (EDI), a premier provider of back- and front-office financial and securities data, today announced the creation of the OTC Corporate Actions Data Service which will provide timely, comprehensive corporate action data for companies trading on the OTCQX®, OTCQB® and OTC Pink® marketplaces.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO )
The OTC Corporate Actions Data Service will publish information on all OTCQX, OTCQB and OTC Pink securities, including data on the underlying securities for American Depositary Receipts ("ADRs") and foreign ordinaries traded in the U.S. market. In addition to standard corporate action data such as symbol changes and dividend announcements, the service will provide information on actions initiated by depository banks including book closings and openings.
"The OTC Corporate Action Data Service provides a simple, cost-effective way for market participants and investors to mitigate trading risk associated with corporate actions," said Matthew Fuchs , Managing Director of Market Data & Strategy at OTC Markets Group. "Corporate action information on underlying securities and depository bank actions will provide investors a more complete data set for decision-making. We are excited to partner with Exchange Data International to better serve investors, issuers and market participants."
"EDI has years of experience in building user-friendly web interfaces that provide the industry with easy access to securities data," said Jonathan Bloch , CEO of Exchange Data International. "We are pleased to partner with OTC Markets Group in making corporate actions data swiftly available to the market."
The OTC Corporate Actions Data Service is a subscription-based service available in a variety of file formats and via EDI's corporate action web application, www.otc-corporate-actions.com . All data is easily searchable and allows users to predefine search criteria and receive email alerts when changes affect portfolio securities. For more information on the OTC Corporate Actions Data Service and to request a free trial, visit www.otc-corporate-actions.com .
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Stage Marketplace with U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com .
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
About Exchange Data International
Exchange Data International (EDI) is the premier provider of state-of-the-art back office securities data and administrative data, with an established global reputation for the highest quality and accuracy. EDI specializes in providing original solutions to securities houses' problems.
EDI covers all major markets with a special emphasis on emerging and frontiers markets and undertakes research at clients' requests. EDI constantly develops its suite of products and its geographic coverage.
Based in London , with offices in New York and Mumbai , EDI supports hundreds of investment institutions worldwide. EDI has a customer centered attitude, making it easily approachable and flexible.
For more information, please visit www.exchange-data.com
SOURCE OTC Markets Group Inc.
