ADP Wilco Expands Outsourcing to Reference Data Management

ADP Wilco has expanded its ASP outsourcing business to adopt a more comprehensive business processing outsourcing approach. Targeting smaller brokerages, ADP Wilco will offer such back-office tasks as instrument pricing and securities and corporate actions reference data management, as well as trade capture and reconciliation. Rather than a full back-office outsourcing approach, the ADP Wilco BPO will focus on specific services and applications, where it believes it can offer significant cost savings to smaller institutions.