Exchange Data International Ltd (EDI), the London-based provider of securities market and corporate action data in electronic forms, has signed a joint marketing agreement with Heale Financial Ltd (HFLUK).
EDI says the agreement allows it to market HFLUK’s global mutual fund holdings data to its clients in the financial community in general and to the information provider community in particular. specifically.
The agreement is a prelude to the establishment of a UK based joint-venture company to continue the collaboration between the two firms. Finalisation of the joint-venture company is currently underway and is expected to be completed in two to three months.
Additionally, the agreement allows HFLUK’s parent company, Hong Kong registered Heale Financial Ltd (HFLHK), to market EDI’s corporate actions data to its clients in the Far East and Latin America where HFLHK has additional subsidiary operations.
“We are very excited to announce this agreement which will permit us to complement our corporate actions product with the provision of holdings and ancillary data on over 35,000 funds worldwide,” says Jonathan Bloch, EDI’s Managing Director.
Roger Heale, CEO of the HFL Group, says he believes the combined product offering will be very attractive to the market.
Hong Kong registered Heale Financial has subsidiary operations in Christchurch, New Zealand & Buenos Aires, Argentina. Founded in Hong Kong in 1992 under the name of Investor Information Ltd, it began by supplying Asian shareholder information to local corporations and news agencies. In 1999, the company expanded into global fund holdings and associated data and its database now includes holdings and ancillary data on over 35,000 funds worldwide.