As financial firms face a deluge of raw information on corporate actions, the risks and costs associated with acquiring and managing this data are higher than ever. An investment decision based on poor data quality, in terms of both accuracy and timeliness, can have enormous ramifications, with potential exposure running into the millions of dollars.
Markit Corporate Actions from IHS Markit provides unlimited access to corporate action data and allows customers to view full details in real time, including event-level data, dates, options, terms and conditions and restrictions. We offer access to a variety of data vendors through our platform, allowing customers the flexibility to select the vendors they want to work with, which can provide them further control over cost.
Data is validated through an intricate and precise process of mapping, normalizing and consolidating announcement information. Through this validation process, we enhance vendor records and resolve conflicting information to provide customers with a single golden corporate action record. The service offers a low-cost entry point to extensive and quality data once only available to those subscribing to multiple, expensive data sources.