Exchange Data International launches Cost Basis solution


Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, announced that it has just launched a new Cost Basis solution.

Exchange Data International’s Worldwide Equity Cost Basis (WECB)’s aim is to enable users to track both a security’s cost basis, its evolution and its descendant’s cost basis & evolution up to the current date.

Jonathan Bloch, CEO of Exchange Data International says:

EDI while expanding its Reference Data offering to cover all asset classes is also looking to expand into value added services. In addition to recently launching an equity analytical service, EDI today launched a verification tool for determining cost basis for all equities worldwide. Cost Basis is an integral requirement for determine capital gains.

Clients will now be able to start with a security and end up with multiple securities many years later.

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