As of 1 September, Deutsche Börse will be extending its data service to include information on European Directors’ Dealings (EDD). Market Data & Analytics will then be the only provider to publish these information in one consolidated product. Transactions in a stock corporation’s shares conducted by its executive and supervisory boards as well as their family members will be collated, adjusted, verified and then made available in a standardized format.
“The number of reported directors’ transactions in Europe has quadrupled in the last eight years. Our EDD product is primarily a response to trader demand for independent information in a standardized format across Europe.
The real-time EDD data clients will receive via our data feed will have an information depth and quality that are unique in Europe,” Holger Wohlenberg, Managing Director of Deutsche Börse Market Data & Analytics explained.
Directors’ dealings information is used as a trading signal and factored into the analysis of investment behavior and trends. As such, it also serves to develop and test investment strategies. The data contained in the information product is prepared with the help of 2iQ Research, the Frankfurt-based specialist for quantitative processing and evaluation of capital market data, and can be easily integrated in traders’ and analysts’ applications and algorithms. In the past, the use of European Directors’ Dealings data from numerous sources, in the most varied of formats, and in different languages, has proven time-consuming and inefficient.
The EDD information package will be distributed to clients via the CEF® Core and CEF® DataSelect real-time data feeds. Subscribers include large information providers, investment advisors, institutional investors and trading participants with algorithm-based investment strategies.
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