NEW YORK, NY, October 1 – Access International Financial Services and Exchange Data International have entered into a global strategic sales and marketing agreement effective immediately. Under the terms of this agreement, the companies will co-market each other's products and services, leveraging opportunities for both organizations in their respective markets.
Access International provides industry leading back-office securities processing systems, and their Global Product Suite (GPS) consolidated security master database applications. EDI is a leading provider of accurate, high-quality securities data for the back office, which it provides to the majority of the major brokerage houses, custodians and other data vendors.
"It is a relationship that capitalizes on each firm's strengths and builds awareness of the benefits of their respective business products and services in the US and Europe," said Jeff Metter, CEO, Access International. "The synergies stem from their local presence in Europe and ours in the US, as well as our similar sales efforts."
The alliance will allow EDI to market Access Global Product Suite (GPS) to its customers, particularly in Europe. Access GPS is a consolidated security master application used to support global straight through processing settlement systems.
"The partnership with Access was a natural progression for EDI as our growth areas are increasingly global. We are excited about the opportunity to partner with this new, innovative Wall Street software house," said Jonathan Bloch, Managing Director, EDI.
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