Is NYSE’s Corporate Actions Monopoly Broken By ‘Disruptive Data’ Vendor?

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nyseWith data being the new oil and the world’s most valuable resource, Exchange Data International (EDI), a vendor based in London with an office in New York serving the global investment community, has announced the launch of a complete replacement service for NYSE Corporate Actions at “less than 50%” of the redistribution costs charged by U.S. exchange. But can EDI cut the mustard?

The investment community is now at a stage where they need to look into just how they are purchasing such corporate actions data – and other data for that matter – and ask themselves if there are cheaper alternatives that are of high enough quality and just as reliable.

Gary Wright, a Data expert and founder City thinktank B.I.S.S. Research and Corporate Actions Benchmarking, commented in the wake of EDI’s move…

Read the full article at Forbes