EDI Includes FIGI Codes in Version.2 of its Worldwide Adjustment Factor Feed

Exchange Data International (EDI) has released Version.2 of its worldwide adjustment factor feed service, including the addition of Financial Instrument Global Identifier (FIGI) codes in response to client requests in North America.

The service allows users to compare a stock’s performance with adjusted pricing that considers distributions and corporate actions. Users can also compare historical pricing data with current prices and conduct detailed analysis with either EDI’s adjusted closing prices or adjustment factors data feed.

Maria Scappaticci, global sales director at EDI, says Version.2 is the result of customer interest in the company’s worldwide adjustment factor feed in North America, coupled to requirements for inclusion of the FIGI. The end result, she says, is end of day pricing at a good price point and a credible alternative to services provided by large incumbents.

As well as the addition of the FIGI, Version.2 makes fields that were sub-fields in the detail field of the previous version fields in their own right. Expanded reason codes of three characters enable higher level grouping and a better understanding of reasons.

While EDI, which is based in London, has its largest client footprint in Europe, Scappaticci comments: “Version.2 opens doors for us in North America where we are growing quite quickly and pushing into the buy-side with our services.”

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