XSP Unveils Solution for DTCC’s ISO 20022 Based Corporate Actions Messages
XSP, the corporate actions processing specialist acquired by SunGard earlier this year, has detailed the utility it is building to support users of corporate actions messages from DTCC as the latter migrates from a proprietary file system to the ISO 20022 messaging standard. Development of the utility started last year when a DTCC participant that...
Data Management Summit – the Challenges of Corporate Actions
Automating corporate actions and reducing risk associated with manual intervention is proving difficult to pin down as the financial services industry struggles with a lack of standardisation, a growing volume and complexity of events, and different regional interpretations of events. A panel discussion at last week’s A-Team Group Data Management Summit grappled with the problems...
Talking Reference Data With Andrew Delaney: Markit Set to Join Corporate Actions Fray as It Ponders DTCC’s GCA VS
At the risk of sounding like the proverbial Boy Who Cried Wolf, it now seems that Markit is at due diligence phase in its attempt to acquire the DTCC’s Global Corporate Actions Validation Service (GCA VS). You’ll recall that just a few weeks ago Markit abandoned its interest in EDM stalwart Asset Control, ostensibly having...
Jyske Bank Selects SmartStream Corporate Actions Solution in Back-Office Refit
Denmark’s Jyske Bank has gone live with SmartStream’s TLM Corporate Actions solution after a back-office technology refit that exchanged legacy systems with back-office platforms from Danish IT solutions provider Bankdata. The bank, the second largest independent bank in Denmark, went into production with the Bankdata and SmartStream systems in October 2012. It reviewed other corporate...
Markit Partners with Selerity to Enhance Dividend Services
Markit has teamed up with real-time event data specialist Selerity to automate production of its Markit Dividend product and deliver dividend announcements on an intraday rather than end-of-day basis. By integrating Selerity’s US dividend event data into Markit Dividend, Markit will not only be able to generate automated intraday alerts for equity option traders on...
SunGard Makes its Mark in Corporate Actions Market through XSP Acquisition
SunGard’s acquisition of XcitekSolutionsPlus (XSP) marks a major step up in the corporate actions market for SunGard and marks an erosion of the population of independent corporate actions platform specialists. The deal, details of which have not been disclosed, was done late last year with XSP becoming part of SunGard’s capital markets business on December...
Interactive Data Adds Corporate Actions Options to Apex Delivery Platform
Interactive Data is migrating its corporate actions data services to the Apex XML-based reference data delivery platform it introduced in October with a view to meeting growing market demand for automated solutions and emerging demand for corporate actions information not only in the back-office, but also in front-office trading and risk management applications. The company’s...
Thomson Reuters Calls on Industry to Solve Issues of Standards Coexistence in Corporate Actions
Thomson Reuters is working with leaders in the corporate actions industry to drive a decision on how the coexistence of two standards in the discipline should be tackled to stem uncertainty in the market and help participants avoid the costs of implementing systems using both standards. The company has brought together the thoughts and opinions...
EDI Adds Bloomberg Open Symbology to Corporate Actions Services
Back-office reference data provider Exchange Data International (EDI) has implemented Bloomberg Global Securities Identifiers (BBGIDs) in its equities reference, pricing and corporate actions data feeds. The London-based provider is planning further implementation in its fixed income corporate actions service and forthcoming mortgage-backed securities service. The company’s decision to adopt Bloomberg’s Open Symbology (BSYM), a free-to-use...
DST Global Solutions Partners XSP to Deliver Corporate Actions Capability
DST Global Solutions has secured a global reseller agreement with corporate actions specialist XSP. The agreement covers both an integrated corporate actions module for the company’s HiPortfolio asset servicing solution and direct sales of the XSP software. DST will initially play on its strength in the Australian investment management market with a view to becoming...