Support for the XcitekSolutionsPlus corporate actions software has been added to Asset Control’s outsourced ACDEX reference data management service. The companies say that the linkage will add functionality to both systems. XSP automates the processing of corporate actions, while ACDEX is used to manage the full lifecycle of data capture, cleansing, consolidation, enrichment and storage of reference price and corporate actions data into a so-called “golden record”.
“Corporate actions are often major instigators of change in reference and price data,” says Ger Rosenkamp, chief executive of Asset Control. “Our two solutions working together will provide a means of both processing the events themselves and managing repercussions on institutional data.”