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  • Press Releases
  • Monday 24th February 2020

MDX Technology adds EDI to expanding marketplace

MDX Technology today welcomes Exchange Data International (EDI) into its fast growing marketplace. EDI is an award winning provider of global security corporate actions, pricing and reference data.

Jonathan Bloch, Chief Executive Officer, EDI, commented. “Driven by the need to reduce costs, coupled with wanting more choice and control, many of our clients are looking beyond the major data providers in order to acquire the data sources they require. This is particularly relevant for smaller or niche firms who are new to the data business and require specialised or more limited data sets. Through the MDX marketplace we can now provide our users with a ‘pick and mix’ approach to data acquisition. This not only liberates them from the onerous restrictions and escalating costs imposed by the incumbent, proprietary suppliers, but many more users can now have access to a comparable data provision service at a much reduced price. We are on a mission to further democratise the provision of cost effective, high quality data to a much wider audience of users and we believe that partnering with MDX will help us to achieve this goal. It’s a win win situation for everyone involved.”

Paul Watmough CEO of MDX concluded. “The collaboration with EDI adds a rich source of new data sets to our platform and we are delighted to be working with a business of this calibre. We share a common goal of wanting to provide on demand, and easy access to all data sources at the best possible price to whoever needs it by whatever means. This new partnership brings both firms another step closer in delivering against this shared objective. We are looking forward to a long and fruitful relationship with the EDI team, supporting them to harvest the many new business opportunities IMDX can provide.”