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London, Greater London, United Kingdom, 2012/01/31 - The definition of a security closing price can differ from one market to another - EDI’s Closing Prices Handbook unravels the mystery of closing prices exchange by exchange.
Exchange Data International (EDI), a well established provider of Securities Corporate Actions and Reference Data, today announced the publication of their Closing Price Handbook, a unique reference source providing detailed information on all the variations of the definition of the term “closing prices” worldwide.
In this book, the author, Deborah Parry, a consultant to the financial industry with over 20 years experience, gives a comprehensive picture of closing price definition around the world covering exchanges in over 100 countries, enabling more accurate analyses of securities closing prices between markets.
Alongside the Handbook, EDI has developed an online database enabling readers to keep up-to-date with the latest information on each market as definitions change following the implementation of new rules and regulations. Subscribers receive an automatic email alert each time the database is updated.
Jonathan Bloch, CEO of EDI says: “While working on our Closing Prices Project, we identified the need for a detailed explanation of closing price data as this is an area where ambiguity and inconsistency is a common concern.”
As Deborah says: “We undertook research to establish precisely how each exchange arrives at the end-of-day data it publishes. By adopting common terms to describe how data is generated it was possible not only to compare each exchange’s output but also to highlight any variations of which institutions are unlikely to be aware.”
She adds: ”If the mechanisms are understood, pricing anomalies that arise can often be explained or even predicted as a function of the system rather than quotations or trading activity that seem not to tally.”
The Closing Prices Handbook and Database are a unique reference source for any professional working with closing price data.
Exchange Data’s Closing Prices Handbook
Chancellor Publications, London, 2011
Price: US$145 / £95
About Exchange Data International (EDI)
Exchange Data International (EDI) specialises in the collection and delivery of hard-to-get, accurate and high quality data to the financial industry. EDI provides customised data sets and ad-hoc feeds for Worldwide Corporate Actions, Worldwide Dividends, Worldwide End of Day Prices and Securities Reference Data. EDI constantly develops its suite of products and its geographic coverage.