Daiwa Securities America has extended its XSP software agreement with Xcitek for corporate actions processing. The Japanese-owned broker/dealer, which implemented the application in 2004, has renewed its contract for another three years.
Xcitek will also accelerate its delivery of the Swift Standards Release (SR) 2007 Upgrade for XSP to clients. Xcitek will be delivering its SR2007 upgrade by early third quarter 2007 to allow clients more time to test the industry changes impacting the XSP ISO module, in advance of the October 27 2007 effective date mandated by Swift.
Meanwhile, Huntington National Bank, a multi-billion dollar regional bank headquartered in Columbus, OH, has signed for XSP. Huntington will also roll out eTRAN (Electronic Tracking Response and Notifications) to over 1000 of its users for the automated notification and response capture of elections. In addition to XSP, Xcitek is providing Huntington with its corporate actions data.