About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Markit Signs Multi-Year Contract Renewal and Service Expansion with XSP to Streamline Corporate Actions Processing

Subscribe to our newsletter

XSP, the global leader in end-to-end Corporate Actions automation, announced today that Markit, a leading, global financial information services company, has signed up for XSP’s new Headline Indices functionality. Markit uses the XSP v5 platform to supply buy- and sell-side firms with daily calculations for its various index services. The addition of XSP’s Headline Indices functionality will allow Markit to optimise its clients’ portfolios of securities throughout their lifecycle via the existing XSP v5 workflow.

Paul Grimes, Managing Director at Markit, said, “XSP enables us to streamline some of our more complex processes and make our operations more scalable. The extension of our agreement strengthens our relationship with XSP and provides a basis for future product enhancements.”

“We are thrilled that Markit has extended their contract,” stated Neil Sheppard, Managing Director and Chief Operating Officer, EMEA at XSP. “This renewal demonstrates the emphasis XSP puts on continuously delivering the highest level of customer service. Markit has expanded their ever-increasing usage of the XSP v5 platform by licensing the Headline Indices functionality. This will allow the core data team based in London to prioritise and filter their workload more effectively enhancing the level of service they provide internally to their index management business groups. The downstream benefit to the index management business groups will be the ease with which they will be able to interrogate their own bespoke universe of securities.”

The XSP v5 platform is XSP’s state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP re-engineered its platform using advanced Microsoft technologies. The XSP v5 platform is built around a Service-Oriented Architecture (SOA), utilising Microsoft .NET components and Windows Communication Foundation (WCF) and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Hearing from the Experts: AI Governance Best Practices

The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical and legal use of external information. Robust data governance frameworks provide the guardrails needed...

BLOG

Uncovering Data Anomalies: 16 Data Observability Solutions for Capital Markets

Financial institutions’ operational resilience depends largely on the integrity of their data and the applications it feeds. The huge volume of data that modern organisations ingest makes this a challenge. The accuracy, completeness and timeliness of critical data can be improved if it is monitored and checked as it moves through increasingly intricate data pipelines...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...