About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

XSP Deploys Intra-Day Corporate Actions Data from Australian Securities Exchange

Subscribe to our newsletter

XSP, the global leader in automated end-to-end Corporate Actions solutions, together with its partner Decillion Group announced today that it is deploying intra-day Corporate Actions data directly from the Australian Securities Exchange (ASX).

The Decillion Group, a banking software solutions provider and operator of the largest SWIFT Service Bureau in the Asia Pac region, markets and supports the XSP v5 solution in a Software as a Service (SaaS) environment for the local Asian and Australian markets. With this interface, the XSP Data Management and Scrubbing module allows clients to rapidly achieve service levels for Corporate Actions announcements from ASX making XSP’s mapping expertise available for any business that consumes ASX data.

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), utilizing 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). The new eTRAN+ widget leverages the XSP GO! framework to provide clients with a customizable user interface to manage Corporate Actions notification and response processing.

John Kehoe, Managing Director of Global Sales and Account Relationship Management at XSP, said, “XSP already offers the industry’s most comprehensive and robust Corporate Actions data processing platform with connectivity to a global network of vendor feeds, exchanges, depositories, custodians and prime brokers. Now with the ASX ReferencePoint Corporate Actions data mapped directly to the XSP v5 solution, our Asia Pac clients have immediate access to this critical data via the Decillion platform. Additionally, the availability of ASX data on our latest innovative solutions, the XSP GO! Product Suite and eTRAN+ widget, offers yet another convenient way for clients to manage the notifications and response capture process.”

“With the integration of ASX ReferencePoint data made available through the XSP solution leveraging Decillion’s SaaS offering, financial institutions can streamline Corporate Actions processing whilst mitigating operational risks and maximising STP,” said Frank Hoer, Manager of Market Information at ASX. “For Australian fund managers who only have a short window to make elections on events such as RAPIDs (Renounceable Accelerated Pro-rata Issue with Dual-bookbuilds), the power to receive acknowledgements immediately is a significant benefit to all parties involved, such as custodians, hedge fund managers, broker dealers, asset managers, index producers and others.”

Thomas Lee, Chief Executive Officer of Decillion Group, commented, “Since partnering with XSP in 2009, demand for their proven XSP v5 platform continues to increase. With the XSP v5 solution live in our SaaS platform supporting clients in Asia Pacific, any financial institution in the region can access this state-of-the-art platform in a Cloud environment and leverage the powerful functionality to help manage this complex operation. We look forward to continue working with XSP and ASX to bring the latest innovations to the financial community.”

Australia now ranks as the 14th largest economy in the world (measured by GDP), and the 4th largest in the Asia Pacific region. This firm international standing is reflected in the fact that Australia’s three largest trading partners – China, Japan and the United States – are also the three largest economies in the world; and its two largest investment partners – the US and UK – are home to the world’s largest capital markets.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: A practical guide to dual UK and EU regulatory reporting as the Temporary Permission Regime comes to a close

Date: 19 July 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The Temporary Permission Regime (TPR) allowing capital markets participants in the European Economic Area (EEA) to continue to operate in the UK post Brexit will be withdrawn by the end of 2023, calling on firms that want to stay...

BLOG

SmartSearch Releases High-Risk Country Report Service in Response to Sanctions Against Russia

SmartSearch, an anti-money laundering (AML) specialist, has released a high-risk country report service in response to the introduction of sanctions against Russia. The service enables regulated businesses to scan existing clients and check for residency or citizenship in Russia, Belarus, or any other high-risk countries. The reporting tool instantly checks all clients that the regulated business has...

EVENT

Data Management Summit London

Now in its 13th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...