FTSE Group Goes Live on XSP v5 Corporate Actions Platform in New York

Following its implementation in London earlier this year, FTSE Group has gone live with the XSP v5 Corporate Actions platform in New York. The implementation is part of FTSE’s initiative to achieve an automated STP environment for the management of corporate action events applied to FTSE indices, explains Chris Broad, chief operating officer at FTSE Group.

“The XSP v5 solution allows us to deliver this information to our worldwide clients in a timely manner. The XSP v5 solution helps us fulfil these goals and we continue to work closely with XSP as we further expand deployment into the Asian markets,” he continues.

Neil Sheppard, managing director and chief operating officer, EMEA at XSP, adds: “FTSE conducted a rigorous due diligence process which included technical workshops and proof of concept programmes prior to selecting the XSP v5 product.”