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: Strategies and solutions for unlocking value from unstructured data

Unstructured data accounts for a growing proportion of the information that capital markets participants are using in their day-to-day operations. Technology – especially generative artificial intelligence (GenAI) – is enabling organisations to prise crucial insights from sources – such as social media posts, news articles and sustainability and company reports – that were all but...

BLOG

S&P’s Capital IQ Pro Flagship Offers Visible Alpha with View to Expansion

Behind every stock analyst’s financial forecast report is a detailed data model that tracks the company so that they can arrive at a view on that asset. Until about eight years ago it was difficult to prise open those reports to understand the thinking behind the headline numbers. Visible Alpha helped change that. Founded by...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

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...