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

Xcitek Goes Live with First Cost Basis Client

Subscribe to our newsletter

Xcitek’s Cost Basis is now live at its first client site, an undisclosed online brokerage headquartered in San Francisco (erm, Charles Schwab, maybe?). The service, accessed through a secured session on the broker’s website, allows clients to calculate the cost basis of equity positions back to the original trade date. First introduced in 2004, Cost Basis uses Xcitek Cost Basis Calculator, a tool for automated calculation of cost-basis adjustments already in use in institutional back office areas such as ACATS Transfer, Tax Reporting, Fund Account and Corporate Actions. Xcitek’s future plans for the calculator include Tax lots and advanced fund accounting tools.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Experts to Take Stock of Data Silos and Lineage: DMS London Preview

Data fragmentation and lineage are two critical themes within data management that are intrinsically linked. Good data lineage can help overcome the impediments imposed by siloed data because it is an important aid in optimising data integration and utility. Both will be examined in detail by experts at A-Team Group’s 16th annual Data Management Summit...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...