NewswireToday - /newswire/ -
London, Greater London, United Kingdom, 2014/12/08 - Data reference service specialist Exchange Data International (EDI) today announced it has enhanced its securities reference data offering with the addition of Global Industry Classification Standards (GICS®).
With a combination of securities reference data and GICS®, EDI’s clients are now able to classify securities by industry sector so that they can better:
• Design and carry out portfolio strategies;
• Evaluate industries and define regional and global trends;
• Identify high-potential niches.
And above all make informed decisions.
GICS® was developed jointly between MSCI and Standard & Poor’s.
It is widely accepted among investment researchers, portfolio and asset managers as one of the most commonly used industry classifications in the world.
The methodology behind GICS® enables sector based investing by providing transparency and efficiency to the investment process.
EDI CEO Jonathan Bloch says: “The combination of securities reference data and GICS® provides our clients with the universal, reliable and comprehensive information they need to capture and assess the impact of global, regional and local
industry portfolio trends. Furthermore our flexible pricing methodology ensures the lowest on-going costs among all data providers.”
GICS® is comprised of more than 43,000 companies and over 51,000 securities across 127 markets globally. GICS® are regularly maintained to reflect the current state of industries in global investment markets.
EDI’s clients can receive GICS® via FTP for a one-time data feed, in XML format. Daily updates follow. GICS® feeds include security identification information such as Sedol, ISIN and TIDM. Also static data fields including issuer name, security description and country of incorporation.
The Global Industry Classification Standard (GICS®) is an enhanced industry classification system jointly developed by Standard & Poor's (S&P) and MSCI Barra in 1999. GICS® was developed in response to the global financial community's need for one complete, consistent set of global sector and industry definitions and has become the standard widely recognized by market participants worldwide. It sets a foundation for the creation of replicable, custom-tailored portfolios and enables meaningful comparisons of sectors and industries globally. The Global Industry Classification Standard is the exclusive property of Standard & Poor's and MSCI Barra. The GICS structure currently has four levels of detail: 10 sectors, 24 industry groups, 64 industries, and 139 sub-industries, covering more than 33,500 companies globally. Beginning April 28, 2006 (close of business), the GICS structure will be comprised of 10 sectors, 24 industry groups, 67 industries and 147 sub-industries. "Global Industry Classification Standard (GICS)","GICS" and "GICS Direct" are service marks of Standard & Poor's and MSCI Barra. "GICS" is a trademark of S&P and MSCI.
About Exchange Data International
Exchange Data International (exchange-data.com) is the premier provider of securities data and market data, with an established global reputation for the highest quality and accuracy.
EDI covers all major markets with a special emphasis on emerging and frontiers markets and undertakes research at clients’ requests. We constantly develop our product suite which include Corporate Actions, Closing Prices and Reference data and enhance our geographic coverage.
Based in London, with offices in New York, Montreal, Cape Town, Mumbai and Agadir, EDI supports hundreds of investment institutions worldwide. EDI has a customer centred attitude, making it easily approachable and flexible.