New-York Based Broker Selects XSP for Corporate Actions

An unnamed global broker dealer based in New York has licensed the XSP v5 platform for global corporate actions processing and is also in the process of rolling out the corporate actions software provider’s web-based eTRAN (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for automated notification, response capture and elections processing.

According to XSP, the client completed an extensive review of all available solutions in the marketplace before choosing XSP. The vendor was chosen because its interface adaptors and its technology architecture was the most compatible with the client’s environment for both its current and future needs, says XSP.