Euroclear Nederland Plans Launch of Shareholder Identification Service
Euroclear Nederland, the central securities depository (CSD) for all Dutch securities, is proposing to offer a service to help equity issuers identify the ultimate holders of their shares. As a result, investors would be able to more easily exercise their rights and duties as shareholders, and issuers would be in a better position to communicate...
SmartStream Expands Partnership with Syscom to Chinese Market
SmartStream Technologies has expanded its relationship with existing partner Syscom to sell the full suite of SmartStream’s Transaction Lifecycle Management (TLM) solutions throughout China. Syscom, a Taiwanese company, provides software applications and solutions to the Chinese financial services sector. It also delivers specialised professional consulting, testing services and technical support to clients including the Shenzhen...
XSP Welcomes Ex-ISITC Co-chair Martinez Back into the Fold
Following a brief stint outside the financial services industry, Laura Martinez has rejoined XSP as a senior product manager for its flagship solution, the XSP platform. Martinez, who held a co-chair position on the ISITC Corporate Actions Working Group during her tenure at XSP, will report to Jennifer Bush, senior director of product innovation and...
Fiserv Appoints Berrada as New Biz Dev Director for Asia Pacific
Fiserv has appointed Tim Berrada as the business development director of Investment Services for the Asia Pacific region. Based out of the Fiserv Singapore office, Berrada has been hired to support strategic expansion in the region and drive business growth. In this position, Berrada will focus on promoting the Investment Services suite of solutions, including...
Broadridge Financial Solutions Buys Access Data Corporation for Undisclosed Amount
Broadridge Financial Solutions has acquired Pittsburgh-based enterprise-wide reporting and data management solution vendor Access Data Corporation, with a view to strategically expanding its investor communications hub, data aggregation and data management solutions. Gerard Scavelli, president of mutual fund solutions at Broadridge, says the main draw for the vendor was the smaller vendor’s technology platform, SalesVision....
Information Builders Launches New XBRL Reporting Platform
Business intelligence solution vendor Information Builders has launched a new platform for the filing of global financial reports in XBRL format. The WebFocus Financial Reporting Exchange platform is aimed at reducing the cost and complexity of filing these reports in XBRL, as required by the Securities and Exchange Commission (SEC), says the vendor. The SEC...
Thomson Reuters Extends Pricing and Reference Data to Thai Market via WMSL Alliance
Thomson Reuters has made its international pricing and reference data services available to the Thai market via its partnership with Wealth Management System Limited (WMSL). Alfred Lee, business head of South East Asia at Thomson Reuters, explains that the alliance with WMSL is aimed at increasing the vendor’s footprint in Southeast Asia. “Our alliance with...
Deutsche Börse Launches New Data Service for Upcoming Corporate Actions
Deutsche Börse has launched a new service aimed at providing bundled data about upcoming corporate actions and their impact on the exchange operator’s own indices. Dubbed Index Corporate Action Forecast, the service aims to offer customers information on upcoming corporate actions such as dividend payments, stock splits and spin-offs, including currency information, which may impact...
Corporate Actions Joint Working Group Publishes Standards for Categorisation
The Corporate Actions Joint Working Group has finally released the results of its standardisation initiative, which is aimed at defining each category of corporate action in the market in order to allow for the harmonisation of processing rules. The proposals have now been drawn up and they have been sent out to the various national...
ESSF’s Frey Provides Lowdown on Individual Corporate Actions Joint Working Group Results
The Corporate Actions Joint Working Group has done its best to find “the best future market practices irrespective of the current models being used in the market today”, said Werner Frey, chairman of the European Securities Services Forum (ESSF), to delegates to last month’s Sifma Clearing and Settlement Conference in London. Frey and some of...