Exchange Data International and AIM Software announced Thursday that the two firms will partner to price, static and corporate actions data through AIM’s GAIN management platform.
The two firms say they agreed to partner in order to centralize their data management processes for financial institutions.
GAIN offers clients functions that allow for the automatic processing of data, and EDI provides premium securities information. The two companies say they think the combined offering will help financial institutions reduce the costs and risks associated with back-office processes and improve efficiency in their operations.