CheckFree eVent Receives SwiftReady Accreditation
Fiserv’s corporate actions processing solution, CheckFree eVent, has received SwiftReady accreditation for the fifth time. The accreditation reflects the solution’s ability to provide comprehensive support of Swift standards and market practice and it was tested by Swift’s Simulation Testing and Qualification Service (STaQs), to ensure the validation of messaging outputs, such as ISO 15022 MT...
Swift Talks up STaQS for Corporate Actions, Eyes up Tax Processing
Swift’s corporate actions message testing service, launched in April this year, has gained significant backing from the custodian community, says Max Mansur, senior product and markets manager at Swift. The Simulation Test and Qualification Service (STaQS) allows Swift’s customers to see how their usage of corporate action messages compares to market practice guidelines established by...
Thomson Reuters Down 54% as a Result of Merger Costs
The US$15.9 billion merger of Thomson Financial and Reuters earlier in the year has had a significant impact on the merged entity’s profits as well as on its staffing levels. Substantial integration costs have caused the media group and financial data provider’s second quarter profits to fall by 54%. At the time of the merger,...
Fidelity ActionsXchange Promotes Pollard to Head Operations
Fidelity ActionsXchange has appointed Laura Pollard as executive vice president and head of the company. Pollard will report to Larry Renfro, president of Fidelity Developing Businesses, a new division that comprises a number of growing businesses and strategic initiatives for the corporate actions processing vendor. Pollard, a 19-year Fidelity veteran, will lead all aspects of...
Wolters Kluwer Financial Services Buys Compliance Online
Originally appeared in MiFID Monitor Wolters Kluwer Financial Services has purchased Compliance Online, an online compliance information provider focused on regulatory information, analysis, news and value-added commentary for the UK’s financial services market. Compliance Online provides UK customers with explanatory regulatory information to help the customers understand how to conduct business under the Financial Services...
SIS SegaInterSettle Releases Plans to Further Automate Corporate Actions
SIS SegaInterSettle has released plans automate the messages it receives from issuers and to introduce a record date for corporate actions in the Swiss market by November next year. The plans are part of a wider project launched by Swiss Financial Market Services (SFMS) to promote automation in the domestic securities industry. The Swiss CSD’s...
DTCC to Spearhead XBRL and ISO Semantic Interoperability Drive
Following the announcement last month that the Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting, the Depository Trust & Clearing Corporation (DTCC) has released plans to spearhead a campaign for semantic interoperability between XBRL and ISO message types...
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...
XSP and City Networks Partner for Corporate Actions and Reconciliations Solution
City Networks has signed a partnership agreement with XSP to offer an integrated corporate actions, reconciliation and exception management solution. Under the new agreement, both City Networks and XSP will provide an integrated corporate actions and reconciliation solution to the financial market. The offering combines City Networks’ Proactive range of exception management, business process management...
APG Investments US Picks Fidelity ActionsXchange for Corporate Actions Processing
The US subsidiary of Dutch asset manager APG Algemene Pensioen Groep NV, APG Investments US Inc, has signed up for US domestic fixed income corporate actions information from Fidelity ActionsXchange, via its ActionService product. APG Investments US Inc is the wholly owned subsidiary of APG Algemene Pensioen Groep NV, which provides asset management services to...