The leading knowledge platform for the financial technology industry
The leading 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

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).

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

New Compliance Solution from Plenitude Seeks to Boost Financial Crime Compliance

London-based risk and compliance specialist Plenitude this week launched a new cloud-based Financial Crime Compliance (FCC) solution called Plentitude RegSight, in a bid to clarify and streamline the complex world of FCC obligations management. In a world of increasing regulation and heightened regulatory scrutiny, the requirement for organisations to meet legal and regulatory obligations has...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...