EDI and BigTXN to Partner for Global Sanctions Data
London, United Kingdom – 15 March 2023
BigTXN appoints EDI reseller for global sanctions data
The financial services industry faces an increasingly challenging sanctions compliance and enforcement landscape, challenges have grown considerably more complex since Russia’s invasion of Ukraine just over a year ago.
To expand the market for its Global Sanctions Monitoring (GSM) service, the UK-headquartered data provider, BigTXN has appointed Exchange Data International (EDI) as an authorised reseller.
The GSM service from BigTXN identifies explicitly stated sanctions, but also implicitly sanctioned entities and their linked financial instruments.
Haider Mannan, Founder and CEO of BigTXN comments: "Having built a world class sanctioned securities monitoring service, we are excited to be widening our distribution capability in partnership with EDI, a world class market data provider".
EDI is a leading provider of global security corporate actions, pricing and reference data, and a serial winner of the ‘Best Corporate Actions Data Provider’ award in recognition of its corporate actions data and expertise.
Jonathan Bloch, CEO of EDI comments "Together, the G7 have imposed the most forceful and far-reaching sanctions we have ever seen and the complexity in identifying sanctioned securities is riddled with complexity. EDI is excited to be taking BigTXN’s sanctions data solution to market to help firms solve this difficult problem".
Investment firms use BigTXN’s service to comply with pre- and post-trade sanctions requirements, screen their investment universe and keep their investment and trade restriction lists up to date.
With a proprietary algorithm and advanced machine learning, GSM from BigTXN brings together a vast amount of regulatory and securities data. In addition, the service runs on BigTXN’s high performance cloud-based Enterprise Data Management platform, to precisely identify entities and instruments required by market participants to avoid penalties for compliance breaches.
About BigTXN
BigTXN delivers data that matters. We enable investment screening and monitoring solutions for financial institutions to meet compliance and investment decision requirements with the highest quality of data, transparency and trust. Through our solutions we provide datasets for investment and risk intelligence.
About Exchange Data International
Exchange Data International (EDI) helps the global financial and investment community make informed decisions by providing fast, accurate, timely and affordable data reference services. EDI’s extensive content database includes worldwide equity and fixed-income corporate actions, dividends, static reference data, closing prices and shares outstanding, delivered via data feeds, API, or the Internet.
EDI’s professional sales, support, and data/research teams deliver the lowest cost of ownership whilst at the same time being the most responsive to client requests. EDI has achieved internationally recognized quality and security certifications ISO 9001 and ISO 27001.
Headquartered in the United Kingdom, we have staff in Canada, Germany, India, Morocco, South Africa and the United States.
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