EDI Tackles Trading Errors
OPERATIONS
Exchange Data International (EDI), a London-based provider of corporate actions and back-office data, has launched a counterparty information service to help firms combat discrepancies in trading caused by incorrect company names.
Traders and brokers often find the company they have traded with or in whom they have investments is not the entity they thought it was, the vendor says.
The service provides financial institutions with the legal names of companies as well as their ownership structure
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