Finalto teams up with Exchange Data International on execution data

abdelaziz Fathi

Finalto, the financial trading division of Gopher Investments, has announced a fresh collaboration with Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services.

Per a joint statement, the alliance expands EDI clients’ access to Finalto’s multi-asset trading service. It also leverages the latter’s large client base to help EDI provide unique insights into multi-asset trading behaviour and market activity via its data sets.

The execution data derived from Finalto’s trading clients can be consumed by all types of financial institutions for internal market intelligence and back testing of execution strategies.

Exchange Data International (EDI) helps the financial and investment community better manage/reduce risk through the provision of timely and affordable data reference services.

EDI’s data team collects, analyses, and publishes the data directly from the source. Working in parallel, a separate in-house team of experts liaise with asset managers to ensure the dividend and corporate actions data arrive promptly in EDI’s data centre.

With over five years of historical real-time data, the service enables businesses to conduct quantitative model back testing, price engine verification, trade surveillance, technical analysis charting, internal transaction cost analysis and educational usage.

Jonathan Bloch, CEO at Exchange Data International, said: “We are pleased to partner with Finalto. As markets become more volatile, we have seen an increased demand from traders and others for more detailed information on foreign exchange, precious and base metals data. Our clients will benefit from Finalto’s expertise and unique data offering.”

David Hastings, Head of Market Data Sales and Distribution said: “Finalto’s anonymised client execution has a history spanning five years and is ideally positioned for back-test execution models. This data is complemented by our market price data, both data sets are extremely useful for EDI’s extensive client base that is looking for market intelligence.”

Thepartnership comes at a time when Finalto aims to expand the reach of its flagship technology stack. Dubbed ‘Fianlto360,’ it is an end-to-end broker solution available on SaaS subscription basis or a fully deployed basis, based on the customer’s preference. Finalto’s proprietary technology enables partners to efficiently onboard, retain and boost customers’ trading activity. It offers a CRM, connections to PSPs, marketing, compliance and reporting tools all connected to Finalto’s white labeled trading platform.

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