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

FTSE Group Extends Implementation of XSP v5 Corporate Actions Platform to Hong Kong

Subscribe to our newsletter

Following its rollout in both London and New York last year, FTSE Group has gone live with the XSP v5 Corporate Actions platform in a new location: Hong Kong. The corporate actions processing platform now covers the indices provider’s Asian operations and Neil Sheppard, managing director and chief operating officer of EMEA for XSP, reckons this will provide them with the benefits of scalability.

Mark Gleeson, operations director at FTSE Group, explains the reasoning behind the decision: “With the increasing visibility of corporate actions events in Asia, it is critical that we further maximise productivity levels and processing efficiencies by integrating the XSP v5 platform into FTSE’s Asian operations to ensure continuous return on investment.”

The overall implementation of the solution across the group is part of FTSE’s initiative to achieve an automated STP environment for the management of corporate action events applied to its FTSE indices. The group signed on to rollout the solution for its London operations early in 2008 and for its New York office in December of that year.

Sheppard adds: “With the XSP v5 software running in live production at FTSE’s London and New York offices, it makes sense for them to extend this single, enterprise-wide platform to their Hong Kong operations. The extension proves the true scalability and flexibility of the XSP solution in managing the growing volume and complexities associated with global corporate actions processing.”

XSP is trying to up its game in the Asian region, much like the other vendors on the corporate actions solution block, and has recently added data from the Australian Securities Exchange (ASX) to its platform in order to increase its appeal. The vendor has also recently signed a partnership agreement in the region with banking software solutions provider Decillion Group to provide a service-based offering of the XSP v5 Corporate Actions platform to the Asian and Australian markets.

“Our company has, over the last 18 months or so, seen an increased interest in our product from the Asia Pacific region. We have clients in this region and the feedback we’re seeing is that the appetite for proven automated solutions is high,” claims Sheppard.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: New opportunities to scale data operations

Faced with tough competition and ongoing pressure on margins, many firms are reviewing their operating models and assessing whether they can reallocate more resources to high-value projects by outsourcing commoditised processes including data operations. This webinar will explore the different approaches that buy-side and sell-side firms are adopting to scale their data operations, including market...

BLOG

Datactics Brings AI-Powered Augmented Data Quality Solution to Market

Datactics, a provider of data quality software solutions, has productised the Augmented Data Quality Solution (ADQ) it previewed in June 2023 and is working with customers on an upgrade rollout. The solution is designed to make faster and more efficient AI-powered data quality accessible and beneficial to all through an enriched user interface and more...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...