Interactive Data has launched its class actions service mapped to the ISO 15022 format as an optional module of FTS, Interactive Data’s securities administration tool. The service is part of the vendor’s Pricing and Reference Data business and is designed to help institutions track, monitor and recover funds resulting from securities class action litigation.
The service builds on Interactive Data’s web-based Xcitek Class Actions service, which provides a detailed database of securities class action litigation filed in the US court system.
The new ISO 15022 mapping took just over three months to complete and it includes critical dates and security codes relating to the defendant, explains Charles Price, senior director, entity data products, Interactive Data Pricing and Reference Data.
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