Fiserv’s Third Quarter Results Down on Last Year, Vendor Focusing on Asset Management Community for Corporate Actions Solution
Fiserv has just released its figures for its third quarter results and it seems revenues are significantly down on last year: total revenue for the period was US$992 million compared with US$1.04 billion in 2008. However, although it has also been a quiet year for the vendor on the corporate actions solution side of the...
FTSE Group Extends Implementation of XSP v5 Corporate Actions Platform to Hong Kong
Following its rollout in both London and New York last year, FTSE Group has gone live with the XSP v5 Corporate Actions platform in a new location: Hong Kong. The corporate actions processing platform now covers the indices provider’s Asian operations and Neil Sheppard, managing director and chief operating officer of EMEA for XSP, reckons...
Broadridge Enters Into an Alliance with Radar, Australia’s Leading Independent Proxy Solicitation and Investor Relations Firm
Broadridge Financial Solutions today announced that it has signed Radar, Australia’s leading independent proxy solicitor and investor relations firm, as a distributor of its International Shareholder Communications (ISC) portal to the Australian market. Broadridge’s ISC service portal provides optimal vote output for participating corporate issuers or their agents for all shareholder meetings. A web-based service...
Information Mosaic Poaches TCS’ Singh to Spearhead New Indian Operations
In another instance of what seems to be a recent spate of corporate actions vendor musical chairs, Information Mosaic has poached Tata Consultancy Services’ (TCS) Manmohan Singh to help it establish a new office in India. Singh brings with him his management team in order to establish a new development facility for the vendor in...
EuroCCP Launches Clearing and Settlement for Depositary Receipts
European Central Counterparty Limited (EuroCCP) today announced that on 16 October it will begin clearing and settling 120 of the most heavily traded listed depositary receipts. With its new central counterparty service offering, EuroCCP extends to depositary receipts transactions the efficiency, cost saving and counterparty risk protection benefits it already provides to clients’ equities transactions....
SmartStream Extends Asia Pacific Ambitions with New Tokyo Office, Ex-Reuters Matsumoto to Head
Back office solution vendor SmartStream Technologies has expanded its Asia Pacific operations, which are headquartered in Singapore, to include on the ground presence in Japan via the opening of a new office in Tokyo. The vendor has hired ex-Reuters executive Eiichi Matsumoto to head the office as its country manager for Japan. Christian Schiebl, executive...
Ex-Fidelity ActionsXchange Exec Madigan Resurfaces at XSP
Following his departure from corporate actions cleansing vendor Fidelity ActionsXchange earlier this year, Chris Madigan has finally resurfaced at indirect (for now anyway) competitor XSP as the solution vendor’s new senior sales executive and account relationship manager. In his new role, Madigan is based out of New York and has responsibility for developing new business...
B-next Extends Data Reach with Interactive Data Agreement, Extends Ambitions to UK
Compliance and regulatory reporting platform vendor b-next has recently signed an agreement with Interactive Data under which the data vendor will provide global pricing and reference data to feed b-next’s MACOC software solutions. The deal is part of the German vendor’s ambitions to crack the UK market and should help it in the effort to...
Fidelity ActionsXchange Looking Beyond Corporate Actions Cleansing, Say Pollard and Culhane
Just over a year after her appointment to the helm of Fidelity ActionsXchange, Laura Pollard indicates that the traditionally corporate actions focused vendor is set to expand its reference data reach under her leadership. The vendor is considering expanding its data cleansing solutions to areas such as entity data and moving further down the corporate...
Valuelink Adds Ex-Paladyne Systems Exec Simmonds as New Head of Sales
Data validation services vendor Valuelink has added ex-Paladyne Systems European regional director, David Simmonds, to its executive team as head of sales. In his new role, Simmonds will be responsible for spearheading the company’s strategic growth by identifying and maximising opportunities to deliver value to new and existing customers, says the vendor. Simmonds was regional...