Together with AlgoCircle, EDI is pleased to announce the launch of the Economic Indicator Service (EIS) which expands its data coverage to include worldwide economic data.

The new EIS aims to deliver professional economic content to financial institutions on both the buy and sell side, and service providers. This new service currently covers 2229 recurring macro-economic indicators, such as GDP data, unemployment releases, PMI numbers etc. from 37 countries. EDI is enhancing this service by adding additional countries, including: Chile, Denmark, Egypt, Finland, Indonesia, Israel, Pakistan, Philippines and Taiwan.

Key information about EIS:

•    Cloud-based service – which is delivered via HTML/JavaScript application formats, which can then be embedded onto any website using iFrames
•    Alternatives methods available – such as JSON feed for economic calendar that can be integrated onto the company’s system
•    Live data – updated 24/5, immediately after the data is released
•    Historical data – includes feed of all previous economic indicators

Jonathan Bloch, CEO of Exchange Data International emphasized “EIS represents a new data set for economic data. We are very pleased to be working with AlgoCircle. We believe that we can provide an effective and timely solution to investment firms seeking to provide their clients with up to date economic statistics”.

In that regard, Narendra Joshi of AlgoCircle commented “AlgoCircle is a unique company combining domain expertise in financial sector with cutting edge digital solutions to convert data into Actionable Intelligence on real-time basis. We are delighted to be working with Exchange Data International, enhancing our value propositions to investment professionals”.