London, 22 June, 2004 —Exchange Data International (EDI), a leading provider of international securities administration and reference data, has expanded its Middle Eastern coverage for its Worldwide Corporate Actions (WCA) and Worldwide Dividends feeds.
The service, available this June, includes additional Arabic language translation capabilities as well as data from three additional Middle East stock exchanges and local data providers. Exchange information from the Algerian, Qatar, and United Arab Emirates (UAE) stock exchanges is now available on the EDI service.
"There is increasing interest in the UAE as evidenced by the announcement of the new Dow Jones Index for the Middle East. There is also growing demand for accurate, high quality information relating to this region," said Jonathan Bloch, managing director, EDI. "We have been quick to respond to our customers demand for a more comprehensive level of coverage of the region by adding this enhanced service as an option within our corporate actions data feed. EDI has always benefited from an extremely close working relationship with our clients, and as a consequence continues to meet and exceed their expectations."
EDI has also enhanced its existing Middle Eastern data coverage, which includes stock and company information from Egypt, Israel, Palestine, Saudi Arabia, Oman, Kuwait, Iran and Jordan. The company also plans to include stock data from Libya and Iraq when that information becomes available.
WCA takes account of 52 crucial events on a daily basis. They are collated through EDI’s extensive links with over 138 local exchanges. Unrivalled sources of information are verified and collated into a single, directly delivered feed, ensuring straight through processing of quality, relevant data. Typical information includes: AGMs, liquidations, consolidations, mergers and acquisitions. The Worldwide Dividend feed, developed by EDI’s in-house team, allows securities administrators to have easy access to a comprehensive list of dividend information, including Ex, Record and Pay-dates, Dividend Amount and Gross and Net Tax Rates.