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Read articles about Corporate Actions below (Source A-Team Group) Click on the TITLES for further access.

 

Information Mosaic Sources ISO 15022 Corporate Actions

Telekurs Financial is the first vendor to make its ISO 15022 corporate actions feed available within Information Mosaic’scorporate actions product Cama. Information Mosaic is taking the feed via Telekurs Financial’s VDFS internet/FTP access site to its Valordata Feed (VDF). The feed provides intraday, end-of-day, and ad hoc corporate actions data.

Category: RDR-Corporate Actions , Reference Data Review

01 Feb 2005
RDUG Plans Corporate Actions Standards…

The corporate actions working group of the Reference Data User Group (RDUG) is planning to outline a set of standards for issuers of corporate actions events. The group is planning a year-end release of a white paper focusing on interpretation risk, where parties are forced to interpret the details of an event for processing, and offer recommendations on creating a more structured format for …

Category: RDR-Corporate Actions , Reference Data Review

01 Dec 2004
Sydbank Buys SmartStream Corporate Actions Software

Denmark’s fourth largest bank Sydbank has licensed SmartStream Technologies corporate actions processing software TLMR to automate its corporate actions processing. The solution will be implemented by Sydbank’s outsourced IT services provider Bankdata by mid-2005. TLMR automates front-to-back processing of mandatory and voluntary events, providing data capture from multiple sources, cleansing, processing and accounting services.

Egon Rohden, vice president of markets …

Category: RDR-Corporate Actions , Reference Data Review

01 Dec 2004
Singapore Exchange Adopts Swift Network for Corporate Actions

The Singapore Exchange next month will begin distributing its corporate actions data over the Swift network using the ISO 15022 standard format. The exchange will use Swift for delivery of Singapore corporate actions, mostly dividends and payment announcements, but will add other corporate action data types such as rights issues later. The exchange joins the London, Tokyo and Johannesburg stock exchanges, which all use the network to distribute their data.

Category: RDR-Corporate Actions , Reference Data Review

01 Apr 2005
Brewin Dophin Takes Telekurs’ ISO 15022 Corporate Actions Data

UK stockbroker Brewin Dolphin has signed up to take corporate actions data from Telekurs Financial. The data will be delivered on a daily basis in the ISO 15022 format.

Category: RDR-Corporate Actions , Reference Data Review

01 May 2005
Vermeg Secures Luxembourg’s Fideuram for Corporate Actions

Vermeg revealed its Megacor corporate actions solution is being used at Luxembourg-based Fideuram Bank. The service is being used to support Fideuram Bank’s new function as a global sub-custodian for another depository bank, an activity it began in early 2004. It uses Megacor to capture and produce ISO 15022-formatted corporate actionsmessages. This is the second client in Luxembourg for Vermeg.

Category: RDR-Corporate Actions , Reference Data Review

01 Nov 2004
Telekurs Unveils New Corporate Actions Delivery Platform

… used the Swift SIBOS event in Singapore last month to debut its new ISO 15022-format MT564 corporate actionsdelivery platform. The new platform, developed in conjunction with Swift, will carry the same range of structure, coded basic data and corporate actions already available via the Telekurs Valordata Feed (VDF). Pilot operations using the new capability were to begin via Swiftnet this month.

Category: RDR-Corporate Actions , Reference Data Review

01 Nov 2003
EDI Adds Structured Products to Corporate Actions Database

Exchange Data International (EDI), a specialist in the aggregation of reference and corporate actions data, has integrated structured products into its corporate actions database and Security Reference File services. Thus far EDI has integrated the following instruments into its database: Close Ended Funds, Investment/Income Trusts or Listed Investment Companies, Exchange Traded Funds, Principal Protected Notes, Real Estate Investment Trusts, Split Capital Trust or Split Share …

Category: RDR-Corporate Actions , Reference Data Review

21 Feb 2008
Reuters Plugs Corporate Actions into Xcitek XSP

Reuters has entered a deal to make its corporate actions data, from the DataScope Pricing & Reference Data service, available via Xcitek’s XSP. This data is now available from Reuters in the ISO 15022 format. According to Caroline O’Shaughnessy, head of third party alliances for Reuters DataScope, Reuters “has made a priority of, and is making a significant ongoing investment in, corporate actions data…”

Category: RDR-Corporate Actions , Reference Data Review

01 Feb 2006
Goldensource Integrates CDS Corporate Actions into Platform

… up with the CDS, a subsidiary of The Canadian Depository for Securities, to integrate CDS’s corporate actions and entitlements data into the GoldenSource Securities & Products software. For Goldensource, the deal extends its offering to financial institutions with Canadian operations or interests, while offering the CDS another route to market. Thecorporate actions data is formatted in the ISO 15022 standard, for ease of integration.

Category: RDR-Corporate Actions , Reference Data Review

01 May 2006
DTCC Aims to Automate Corporate Actions Liability Notifications

… custodian banks for a new web-based system that automates the creation, delivery and tracking of corporate actionsliability notices. The snappily titled Smart/Track for Corporate Actions Liability Notification Service will be in a pilot phase until the end of January 2005, and will then enter full production on February 1.

There are estimated to be over 15,000 voluntary corporate actions liability notices sent out each month. According to Margaret Koontz, vice president of DTCC product …

Category: RDR-Corporate Actions , Reference Data Review

01 Dec 2004
Telekurs Adds FSL Historical Global Corporate Actions

Telekurs has added corporate actions data covering the European and Australasian markets, sourced from Financial Software Ltd.’s (FSL) capital gains tax solution, CGix. CGix, currently used by more than 50 U.K. financial institutions, will be delivered via the Telekurs iD platform.

Category: RDR-Corporate Actions , Reference Data Review

01 Nov 2005
Mondas Interfaces with the DTCC’s Corporate Actions Service

Mondas has built an interface between its Radica CAPS corporate actions solution and The Depository Trust & Clearing Corp. (DTCC’s) Global Corporate Action (GCA) Validation Service.

Category: RDR-Corporate Actions , Reference Data Review

01 Jul 2005
Vermeg Completes Swift Testing For Corporate Actions

MEGACOR, Vermeg’s end-to-end corporate actions solution, has completed the Swiftnet Testing and Certification Service Proof of Concept (POC) project for ISO 15022 corporate actions messages. MEGACOR has also been accredited, for the fifth consecutive year, with the SwiftReady Gold Label in the corporate actions category.

Category: RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

01 Mar 2007
CheckFree/CDS INC Partner on Canadian Corporate Actions Data

CheckFree eVent, CheckFree Corporation’s automation and workflow solution for corporate actions processing, now interfaces with CDS INC’s ISO 15022 compliant corporate actions data feed. CDS INC is a subsidiary of The Canadian Depository for Securities, and supplies Canadian equity and debt entitlements information. As a result of this joint effort, Canadian entitlement data for the automated processing of corporate actions is available to financial institutions …

Category: RDR-Corporate Actions , Reference Data Review

01 Sep 2006
Vermeg Secures SEI Investments For Corporate Actions System

Corporate actions processing firm Vermeg has secured a new client in the form of wealth services provider SEI Investments. SEI is in the process of implementing Vermeg’s Megacor system to provide the corporate actions module within its own Global Wealth Management Platform aimed at private clients. While being touted as the first U.S. deal for Vermeg, the client actually intends to implement …

Category: RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

01 Sep 2004
Information Mosaic’s Cama Gains Corporate Actions SwiftReady Label

Information Mosaic’s Cama application has been awarded the Corporate Actions SwiftReady label by Swift. Cama is the vendor’s end-to-end ISO 15022-compliant corporate actions automation solution. To achieve the SwiftReady label, the product must prove its ability to handle the correct business flows for the ISO 15022 Corporate Action messages and to adhere to Global Market Practice guidelines.

Category: RDR-Corporate Actions , Reference Data Review

01 Dec 2004
Corporate Actions Systems Benchmarked by CityCompass

Think your corporate actions service is good enough? Try putting it through the paces of the CityCompass benchmarking process. Those systems and information service providers brave enough to do so and that passed the tough criteria were rewarded for their efforts with the new B.I.S.S. Gold Label accreditation.

The benchmarking process, now in its second year, evaluated seven systems vendors (Information …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Sep 2004
Abbey Extends Use of Asset Control for Telekurs’ Corporate Actions

… Financial Markets has extended its use of Asset Control’s data management platform to manage corporate actionsdata. Abbey chose to source its corporate actions data, alongside pricing and reference data, from Telekurs Financial’s Valordata Feed (VDF). This feed was integrated into the Asset Control platform at Abbey using AC Plus’s existing feedhandler for VDF. This is the first phase of the “AC corporate action data feed project”, and part of a broader expansion plan for use of …

Category: RDR-Corporate Actions , Reference Data Review

01 Feb 2005
Telekurs (USA) Integrates TB II Corporate Actions Into N-Tier Securities

… (USA) has entered a strategic alliance with N-Tier Securities to integrate Telekurs’ TB II corporate actions flat-file feed into N-Tier Securities’ corporate actions and STP software solutions. The joint solution has been tested and deployed by a New York-based broker/dealer and custodian. N-Tier is planning to extend its interface to Telekurs’ full compliment of Valordata Feed data, of which the TB II feed is a subset.

Category: RDR-Corporate Actions , Reference Data Review

01 Nov 2004
CSFB Latest Firm to Use DTCC’s Corporate Actions Service

Credit Suisse First Boston has become the sixth company to sign up for the Global Corporate Actions Validation Service from the Depository Trust and Clearing Corporation (DTCC). Joseph Porcello, director of asset servicing for CSFB in the U.S., says, “By signing on to GCA Validation, we’re looking to eliminate the time-consuming, manual process of reconciling corporate action announcements and streamline our operation globally.” Several other broker/dealers, banks and …

Category: RDR-Corporate Actions , Reference Data Review

01 Mar 2005
Harvard Management Licenses XSP v5 Corporate Actions Software

Harvard Management Company (HMC) has licensed the XSP v5 corporate actions platform. HMC has also licensed XSP’s web-based eTRAN (Electronic Tracking Response and Notifications) and Swift ISO messaging modules for the notification and response capture of elections processing.

The XSP v5 platform is built around a service-oriented architecture (SOA), utilising Microsoft.Net components and web services for global enterprise-wide processing. Brendan …

Category: RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

18 Dec 2007
Strong Hire for HelioGraph Corporate Actions Team

Straight through processing and messaging specialist HelioGraph has hired Simon Strong to its corporate actionsteam. He now has the post of eVent programme manager and is responsible for managing the development of the company’s eVent corporate actions product. Previously at TCA Consulting, Strong has worked in financial IT development and consultancy for over 15 years; he has experience of building business cases for corporate actionssolu-tions as well as selecting and implementing …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-People Moves , Reference Data Review

01 Jun 2003
Hedge Fund Advisor Polygon Licenses XSP for Corporate Actions

… hedge fund advisor Polygon Investment Partners has licensed the XcitekSolutionsPlus’s XSP corporate actionsprocessing platform. Polygon plans to interface XSP with the FundManager portfolio management system from Beauchamp Financial Technology. The global hedge fund is seeking to streamline its corporate actions process for optimal operational efficiency across its London and New York offices. According to Manuel Guerrero, head of operations at Polygon, XcitekSolutionsPlus’s …

Category: RDR-Corporate Actions , Reference Data Review

01 Oct 2004
Mergent Offers Unified Access To Corporate Actions, Bonds Data

… EventsData and BondSource. EventsData provides unified web-based access to a combination of global corporateactions data across Mergent’s multiple databases. The corporate actions covered include mergers and acquisitions, bankruptcies, securities listings and delistings, EPS updates, liquidations, stock splits and reverse stock splits, spin-offs, redemptions, reorganizations, ticker symbol changes and more. The service incorporates the Historical Securities Database (HSD), a 30-year …

Category: RDR-Corporate Actions , Reference Data Review

01 Feb 2005
EDI Tracked Over 5 Million Corporate Actions in 2009

Exchange Data International (EDI), a provider of corporate actions and reference data, announced today that itscorporate actions data team had created over 5 million corporate actions records in 2009 which is an astonishing volume of 20,800 records a day.

EDI has been providing global corporate actions on equities through its Worldwide Corporate Actions for the past 7 years. Since 2009 EDI has also provided comprehensive information on …

Category: RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

11 Feb 2010
European Central Securities Depositories Association Group to Study Corporate Actions

… clearing and settlement recommendations issued by the Giovannini Group, including one regarding corporateactions. The group – headed by Michael Kempe, a manager at U.K. depository Crest – expects to report on its findings in the fourth quarter of 2004.

Category: RDR-Corporate Actions , Reference Data Review

01 Nov 2003
Bureau van Dijk Picks EDI for Corporate Actions Data

… Bureau van Dijk Electronic Publishing (BvDEP) has selected Exchange Data International to supply corporate actionsdata for the latest version of its Osiris company database. The deal brings EDI’s Worldwide Corporate Actions (WCA) feed to a new audience of front-office corporate finance users; its traditional marketplace is in the back-office corporatefinance area. WCA will give Osiris users access to corporate actions and dividend information on listed companies globally.

Category: RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

01 Jul 2004
Thomson Reuters Expands Corporate Actions Data Coverage for Emerging Markets

Thomson Reuters today announced the expansion of its corporate actions data coverage to include Bosnia and Herzegovina, Ivory Coast, Kazakhstan, Macedonia, Russia, and Serbia. The extended offering increases transparency and access to some of the world’s fastest growing emerging markets by providing details on total shares, capital changes, dividends, voting rights and nominal values accessible through Thomson Reuters DataScope Select.

Thomson …

Category: RDR-Corporate Actions , Reference Data Review

19 Nov 2009
JPMorgan to Roll Out New Corporate Actions Reporting

… Services has completed a pilot of Announcement Capture, a new service which captures global corporate actionsannouncements from multiple sources and generates a “golden record” for client reporting purposes.

Announcement Capture is part of JPMorgan’s global STP programme to standardise, consolidate and deliver timely, comprehensive and accurate corporate actions announcement information to clients.

The service collects and compares global corporate actions announcements from …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

24 Oct 2007
XSP Increases Performance in XSP v5 Corporate Actions Platform by Up to 8,500%

XSP, a leading global provider of Corporate Actions software, announced today new benchmark performance figures for its already-powerful XSP v5 Corporate Actions platform with gains as high as 8,500% in its Data Management & Scrubbing module; over 2,500% in its Notifications component and a 3,200% increase in processing lottery events. These statistics further demonstrate the substantial performance enhancements that the XSP …

Category: RDR-Corporate Actions , Reference Data Review

17 Sep 2009
XSP Achieves SwiftReady Corporate Actions Label Accreditation

XSP’s v5 platform has achieved the SwiftReady Corporate Actions Label accreditation for 2008 in conjunction with Microsoft BizTalk Accelerator for Swift, the SwiftReady Financial Enterprise Application Integration (EAI) product. This is the fourth consecutive year that XSP has received this accreditation.

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

15 Sep 2008
US-based Bank Picks SmartStream TLM Corporate Actions

… institution has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) Corporate Actionssolution to create a global utility for corporate actions processing.

According to the vendor, the bank is already an existing SmartStream TLM customer and will use TLM Corporate Actionsfor its global wealth management and institutional business units. At the same time the firm is expanding its use of TLM Reconciliations to replace existing solutions at the bank. The bank …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

15 Oct 2008
Bear Stearns Taps Fidelity For Corporate Actions Data

Bear Stearns has signed a two-year agreement for access to Fidelity ActionsXchange’s corporate actions data and processing solution. The big U.S. investment bank will implement the Fidelity service in support of its global equities and fixed-income operations.

Boston-based Fidelity ActionsXchange, a subsidiary of Fidelity Capital, will provide Bear Stearns with access to its proprietary platform for processing corporate actions data. As part of the deal, Bear Stearns will …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 May 2006
LSE Defends New Pricing Model For Corporate Actions Data

… London Stock Exchange refutes the suggestion that its new pricing policy for subscriptions to its corporate actionsdata by distributors is simply an attempt to extract more revenues from data vendors. According to Mark Husler, head of reference data at the exchange, the new policy, due to take effect in April 2007, is the result of a desire “to change a model that was confusing, to make it clearer and fairer going forward, and to enable smaller vendors to get more cost effective access to …

Category: RDR-Corporate Actions , Reference Data Review

01 Oct 2006
Southwest Securities Selects XSP for Corporate Actions Processing

Texas-based broker-dealer Southwest Securities has selected XSP to automate its corporate actions processing. As a result of the deal, the firm will roll out the XSP data management module and XSP’s Electronic Tracking Response and Notifications (eTRAN) module for automated notification, response capture and elections processing.

Brendan Farrell, CEO at XSP, explains that the vendor has been in discussions with Southwest Securities for the past 18 months. “They needed …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

14 Jan 2009
U.K. Broker Williams de Broe to Use Mondas for Corporate Actions

Williams de Broe will use Mondas’ Radica CAPS corporate actions automation platform and its Election Management Portal under a five-year licensing, services and support deal valued at around £350,000. The U.K. stock broker’s decision followed a lengthy evaluations process involving several vendors. The deal makes Williams de Broe the second client to adopt the new web-based version of EMP, which automates the election process for …

Category: RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

01 Apr 2005
Xcitek Completes Swift Testing For Corporate Actions

… completed testing of ISO messages submitted by its flagship software, XSP, to Swift’s Corporate Actions Test and Certification Proof of Concept (POC) programme. In an effort to improve the quality of FIN Corporate Actions messages and overall STP, the Swift POC tested the validity of ISO messages submitted by participants to comply with market practice as defined by the SMPG.

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

01 Feb 2007
APG Investments US Picks Fidelity ActionsXchange for Corporate Actions Processing

… APG Algemene Pensioen Groep NV, APG Investments US Inc, has signed up for US domestic fixed income corporateactions information from Fidelity ActionsXchange, via its ActionService product. APG Investments US Inc is the wholly owned subsidiary of APG Algemene Pensioen Groep NV, which provides asset management services to Dutch-based Stichting Pensioenfonds ABP. ActionService, which competes in the corporate actions processing market with the DTCC’s Global Corporate Actions Validation …

Category: RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

20 Jun 2008
CheckFree eVent Adds FT Interactive Data’s ISO 15022 Corporate Actions

CheckFree Corp. has developed an ISO 15022-compliant interface to FT Interactive Data’s corporate actions data feed for its eVent corporate actions processing platform. As a result, eVent clients will be able to receive, process and sharecorporate actions data without the need to convert to and from proprietary formats.

Category: RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

01 Jul 2006
Exchange Data Adopts ISO 15022 for Corporate Actions

… has completed the first phase of integrating the ISO 15022 messaging protocol with its corporate actions data services. The company expects to start offering clients test data by the end of the first quarter, with the first phase covering cash dividends, stock dividends, dividend options and dividend reinvestment plans. Subsequent phases will cover capital changes, including rights issues, stock splits and bonus issues.

Category: RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

01 Feb 2004
NewSouth Capitalises on Advent Corporate Actions Upgrade

NewSouth Capital Management has implemented the newly enhanced version of Advent Corporate Actions (ACA) from Advent Software, as well as migrating to Advent Portfolio Exchange (APX).

NewSouth Capital Management, which manages approximately

$1.4 billion in assets, has been a client of Advent Software since June 1986, when it was one of Advent’s first 100 clients to use Axys, its original portfolio accounting product, Qube, a CRM module, and ACA for the collection of …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Apr 2007
Free Corporate Actions Data Utility Introduced by Butterlink

Following a period of extended pilot testing, Butterlink is launching the latest version of its corporate actions utility in the hopes of attracting the necessary volume of clients for the free service.

Butterlink, formed by a number of corporate actions specialists back in 2004, has so far signed up 117 users at 53 financial institutions, including Morgan Stanley and Mizhuo International for the corporate actions system. It hopes to convert these to active users.

The utility aims …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Aug 2005
Corporate Actions Survey Shows Increasing Move to Automation

The move towards corporate action automation is gaining momentum as firms come to accept that this is a key area and substantial gains can be made, according to a survey conducted in April and May by CityIQ on behalf of Swift and Smartstream.

Over 50% of firms interviewed place greatest reliance on custodians, sub-custodians and settlement agents as their main source of corporate actions announcements. This …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Jun 2003
DTCC Throws Its Weight Behind Corporate Actions Processing

The Depository Trust & Clearing Corporation (DTCC) launch of its Global Corporate Action (GCA) validation service at the beginning of the month will “reinvent the way corporate action announcements are managed” through the elimination of redundant operations and technology.

The development of the service could, if widely adopted, spell bad news for some of the players in the market forcorporate action automation software, which a recent survey shows is already …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Jun 2003
Telekurs Financial Gears Up for ISO 15022 Corporate Actions

Telekurs Financial is gearing up for the production release next month of ISO 15022-formatted corporate actions data as part of the Swift initiative to bring third-party data vendors onto its Swiftnet network. Telekurs released test data for the ISO 15022 service to clients in January; the company confirmed its roll-out plans at a client briefing late last month.

The ISO 15022 standard governs delivery format for a range of information types, including corporate actions or events, …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 May 2004
DTCC Develops XML Format For Corporate Actions Data

DTCC is working to create a new XML based format for delivery of corporate actions announcement information via its Global Corporate Action Validation Service (GCA VS), scheduled for roll-out in early 2008. DTCC currently provides data in its own proprietary format and in ISO 15022. The inadequacy of the 15022 format for its purposes is one of the factors that has prompted it to migrate its proprietary format to XML and it is, it says, making ISO aware of its …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Feb 2007
ADP Brokerage Services Teams with Xcitek for Corporate Actions

ADP’s Brokerage Services Group (BSG) has launched an automated corporate actions processing system based on XcitekSolutionsPlus’s XSP platform. The new system is part of BPS’s back-office processing offering, and features a data-scrubbing engine for exception-handling. The engine compares announcement data from multiple sources and identifies exceptions, publishing them to BPS and offering managers an overall view of their status via a brower user …

Category: RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

01 Jul 2004
XSP’s Fullam Appointed Co-chair of ISITC Corporate Actions Working Group

Paul Fullam, principal consultant at XSP, has been appointed as a co-chair of the ISITC Corporate Actions Working Group. In this position, he will collaborate with the group’s members to review ISO 15022 standards and direct enhancements to message content that promote the straight-through processing of corporate actions. Fullam has been an active participant of the ISITC Corporate Actions Working Group since 2005. At XSP, he is responsible for ensuring product compliance with …

Category: RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

20 Jun 2008
XSP Now Offers Corporate Actions Data from the Australian Securities Exchange via XSP v5 Platform

XSP, the leading global provider of Corporate Actions processing software, announced today that it is working with the Australian Securities Exchange (ASX) to take delivery and process its ReferencePoint™ Corporate Actions data product through the XSP™ v5 platform.

The XSP v5 platform is a state-of-the-art solution developed to automate each step of the global Corporate Actionsprocess. From Data Management and Scrubbing to …

Category: RDR-Corporate Actions , Reference Data Review

15 Sep 2009
Reference Data Review Special Report: Corporate Actions

Download this special report for FREE now! Click the link below.

Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the corporate actions processing vendors and the market is reflecting the general …

Category: 0-Service , A-Team Delivery Terms , A-Team Free , A-Team Insight , Free Member Benefits , RDR-CorporateActions , RESE-Reference Data Research , RESE-Special Report Supplements , RESZ-By Type , Reference Data Review , Research

16 Sep 2008
Existing Regulation Could Spur On Corporate Actions STP, Aite Predicts

The lack of an explicit regulatory imperative to address the efficiency of corporate actions processing is often cited as a reason for the industry’s lack of progress towards this goal. While it’s true that efforts like Giovannini do include corporateactions, there is no specific directive or legislation that demands firms meet a standard for corporate actions STP. And there is also some confusion about the implications of different industry-wide efforts to effect …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

21 Jan 2008
B.I.S.S. Creates New Corporate Actions Systems Awards

… services and systems in the financial services sector, has launched four new awards for the best corporate actionssystems for broker/dealers, asset managers, custodians and overall sector winner. The awards will run in parallel to the existing B.I.S.S. Accreditation process for corporate actions systems. Gary Wright, CEO, B.I.S.S. Research, says: “Over the many years of benchmarking corporate actions systems we have collated a huge data bank of information that details the true capability …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

15 Feb 2008
Can Corporate Actions Automate Without Wave of Regulatory Stick?

Despite a myriad of available software solutions aimed at automating corporate actions processing, industry participants can relish the prospect of unreliable data and manually intensive processing for some time to come.

That’s among the findings of new research from TowerGroup that suggests that corporate actions processing remains one of the major roadblocks standing in the way of the industry achieving straight-through-processing (STP) and the operating …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Jul 2006
Xcitek Reshuffles, Seeing Demand For Corporate Actions Solutions

Xcitek, a provider of corporate actions data and management software, is reshuffling its sales, client services and marketing groups, and has plans to hire several new sales and sales support staff. The corporate realignment is cited as a response to growing demand for the company’s XSP corporate actions systems and services.

According to Brendan Farrell, managing partner, the company plans to “pour financial …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

01 Jan 2004
Accenture MRDS to Complement Corporate Actions, Market Data

… white paper discussion document, sits alongside similar ventures for real-time market data and for corporate actions, the latter via a tie-in with Depository Trust & Clearing Corp. (DTCC).

This corporate actions initiative – labeled Global Corporate Actions (GCA) Validation Service – has been “a good way to get our feet wet,” according to Bill Cline, head of capital markets at Accenture. He adds that GCA now boasts five, boasting three stand-alone clients, and will with a number …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Enterprise Data Management , Reference Data Review

01 Jul 2004
XSP’s Fullam Appointed Co-chair of ISITC Corporate Actions Working Group

Paul Fullam, principal consultant at XSP, has been appointed as a co-chair of the ISITC Corporate Actions Working Group. In this position he will collaborate with the group’s members to review ISO 15022 standards and direct enhancements to message content that promote the straight-through processing of corporate actions. Fullam has been an active participant of the ISITC Corporate Actions Working Group since 2005.

At XSP, Fullam is responsible for ensuring product compliance …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

02 Jun 2008
Global Asset Manager Selects XSP v5 Corporate Actions Platform

XSP, a global provider of corporate actions software, announced today that a leading global asset manager, a business within one of the world’s largest global financial services firms, has selected the XSP v5 solution for automated globalcorporate actions processing. With processing centres located in Pittsburgh and San Francisco, the client will implement the XSP v5 platform within its corporate actions group.

In …

Category: RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

16 Nov 2009
XSP Offers Interactive Data’s Intra-Day Corporate Actions Data Through Software Platform

Interactive Data Pricing and Reference Data’s intra-day corporate actions data is now available through XSP’s software platform. The service covers more than 40 corporate actions event types, including mergers, tender offers, exchanges and rights offerings for US and Canadian listed/traded securities.

Interactive Data’s Xcitek Corporate Actions Service, formerly part of the same company as XSP but now owned by Interactive Data ( Reference Data …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 May 2008
Deutsche Börse Launches New Data Service for Upcoming Corporate Actions

Deutsche Börse has launched a new service aimed at providing bundled data about upcoming corporate actions and their impact on the exchange operator’s own indices. Dubbed Index Corporate Action Forecast, the service aims to offer customers information on upcoming corporate actions such as dividend payments, stock splits and spin-offs, including currency information, which may impact its DAX, DAXplus or DAXglobal index families.

Hartmut Graf, head of issuer data and analytics at …

Category: RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-Indexes & Ratings , Reference Data Review

14 May 2009
Interactive Data Leverages Xcitek Acquisition to Offer Intraday Corporate Actions Data

… Pricing and Reference Data business has introduced in North America a new service for delivery of corporate actionsinformation to clients throughout the day. The service leverages Interactive Data’s acquisition of Xcitek earlier this year ( Reference Data Review, April 2007); intraday delivery of corporate actions data was already on the Xcitek product roadmap at the time of the deal.

Foreshadowing the launch of the intraday corporate actions service, Ray D’Arcy, president of sales …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

29 Nov 2007
DTCC, SWIFT and XBRL US Launch U.S. Stakeholder Group as Part of Issuer to Investor: Corporate Actions Initiative

… XBRL US announced today the creation of a Stakeholder Group as a part of its Issuer to Investor: Corporate Actionsinitiative, which was launched in May 2009, to improve the processing of corporate actions data in the U.S. Composed of key players from the industry, the U.S. Issuer to Investor Stakeholder Group will represent the needs of the corporateactions reporting and processing supply chain.

The Group will be divided into three subgroups - Issuers, Intermediaries and Investors - and …

Category: RDR-Corporate Actions , Reference Data Review

16 Sep 2009
Knight Selects Fidelity ActionsXchange to Provide Corporate Actions Intelligence

Fidelity ActionsXchange, a provider of global corporate actions solutions, today announced that Knight Clearing Services, a subsidiary of Knight Capital Group, has selected its ActionService platform to provide corporate actions information, such as corporate reorganisations, restructuring and mergers, to support the firm’s equity trading operation.

ActionsXchange is a wholly-owned subsidiary of Fidelity Investments and provides …

Category: RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

25 Feb 2010
XSP and City Networks Partner for Corporate Actions and Reconciliations Solution

City Networks has signed a partnership agreement with XSP to offer an integrated corporate actions, reconciliation and exception management solution. Under the new agreement, both City Networks and XSP will provide an integratedcorporate actions and reconciliation solution to the financial market.

The offering combines City Networks’ Proactive range of exception management, business process management and real time KPI and KRI functionality and version 5 of XSP’s …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

27 Jun 2008
BISS Research Launches Advisory Service and Training for Corporate Actions Space

BISS Research has launched a new corporate actions advisory service aimed at providing financial services firms and vendors with information and recommendations about investing in the space. Gary Wright, CEO of the firm, says the advice will be based on its benchmarking endeavours and it will also be launching a series of training courses about thecorporate actions market.

“We have been benchmarking corporate actions 

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

29 Apr 2009
O’Dwyer Takes On UK Corporate Actions For SmartStream

SmartStream Technologies has appointed Jeremy O’Dwyer to head its UK Corporate Actions team in London, a newly created position to leverage SmartStream’s recent acquisition of Effective Solutions and to drive business development of its TLM corporate actions product. He brings more than 20 years of in-depth experience of the financial services marketplace from both the client and consultancy side.

For the past seven years, O’Dwyer has worked for the …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-People Moves , Reference Data Review

01 Apr 2003
BNY Mellon Asset Servicing Improves Corporate Actions Risk Management Service

BNY Mellon Asset Servicing has enhanced its Corporate Actions Online Services offering with the launch of a new global web-based notification and response system. The upgrade - available via BNY Mellon Asset Servicing’s web-based information delivery and transaction platform - is designed to give clients greater flexibility for managing corporate events, such as tender offers, conversions, mergers, exchanges, maturities, called bonds, …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

24 Oct 2007
New-York Based Broker Selects XSP for Corporate Actions

An unnamed global broker dealer based in New York has licensed the XSP v5 platform for global corporate actionsprocessing and is also in the process of rolling out the corporate actions software provider’s web-based eTRAN (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for automated notification, response capture and elections processing.

According to XSP, the client completed an extensive review of all available solutions in the marketplace before …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Jul 2008
Current Market Conditions Causing Increased Corporate Actions Complexity, Says FISD Panel

Corporate actions models and processes are being ‘pushed’ by the current financial market activity, and the increasing focus on risk and regulations is having an immediate and clear impact on the business of managing corporate actionsinformation, according to a panel of specialists at Wednesday’s FISD Issue Brief event in London.

According to Dean Hogan from JPMorgan Chase’s Global …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

04 Dec 2008
Reference Data Review Special Report: Corporate Actions 2009 Edition

… special report for FREE now! Click the link below.

Rather than detracting attention away from corporate actions automation projects, the financial crisis appears to have accentuated the importance of the vital nature of this data. Financial institutions are more aware than ever before of the impact that inaccurate corporate actions data has on their bottom lines as a result of the increased focus on risk management in the market as a whole.

This renewed focus on the basics of data …

Category: 0-Service , A-Team Delivery Terms , A-Team Free , A-Team Insight , Free Member Benefits , RDR-CorporateActions , RESE-Reference Data Research , RESE-Special Report Supplements , RESZ-By Type , Reference Data Review , Research

24 Aug 2009
APG Investments US Picks Fidelity ActionsXchange for Corporate Actions Processing

… APG Algemene Pensioen Groep NV, APG Investments US Inc, has signed up for US domestic fixed income corporateactions information from Fidelity ActionsXchange, via its ActionService product.

APG Investments US Inc is the wholly owned subsidiary of APG Algemene Pensioen Groep NV, which provides asset management services to Dutch-based Stichting Pensioenfonds ABP.

ActionService, which competes in the corporate actions processing market with the DTCC’s Global Corporate ActionsValidation …

Category: 0-Service , A-Team Classic , A-Team Delivery Terms , A-Team Free , RDR-Corporate Actions , Reference Data Review

03 Jun 2008
Fortune 100 Financial Services Company Selects XSP v5 Corporate Actions Platform

XSP, a provider of corporate actions software, announced today that a leading investment manager, a Fortune 100 financial services company, has selected the XSP v5 platform to automate its corporate actions processing. With headquarters in New York, the client will implement most of the XSP processing modules including Data Management & Scrubbing, Notifications & Responses, Entitlement Management, Standing …

Category: RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

22 Mar 2010
 
 
 
 
Automation is Not a Magic Bullet for Corporate Actions, Says CityIQ

… notifications have been automated, there are still many areas to be tackled in the processing of corporate actions, according to the results of CityIQ’s recent corporate actions survey. Moreover, automation is not the end state for efficiency in the space: adherence to market practices and greater standardisation are vital for the future, says Paul Wiltshire, managing director of CityIQ.

Commenting on the most important finding of the survey, Wiltshire says: “It provides proof, if …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

25 Sep 2008
Corero Wins New Deal For Radica CAPS Corporate Actions System

… by the customer in London and Singapore to support the processing of its European and Asian corporate actions and income events.

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Jul 2007
Working Group Aims for U.K. Compliance with Corporate Actions Standards

… Implementation Group (UKMIG) is aiming to harmonise U.K. national rules and practices relating to corporate actionsprocessing, including distributions, shareholder rights and company reorganisations. The group, jointly chaired by the British Bankers’ Association (BBA) and CrestCo, is aiming to implement measures to remove Barrier 3, as set by the 2003 report from the Giovannini Group. The U.K.’s Department of Trade and Industry, Financial Services Authority (FSA) and the Bank of England …

Category: RDR-Corporate Actions , RDR-Regulation and Compliance , Reference Data Review

01 May 2006
Reuters Adds Hourly Corporate Actions Data to DataScope Select

Reuters has added an enhancement to Reuters DataScope Select which will see its corporate actions data updated hourly, rather than once a day. Users will be able to monitor portfolios more actively by choosing how often they receive updates and paying according to the quantity of data they use. Reuters clients will now be able to monitor corporateactions data on an hourly basis, enabling them to keep up to date with information drawn from over 50,000 companies in over 70 …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

18 Dec 2007
Swift Opens Network to Vendors for Corporate Actions Data

… Telecommunication (Swift) is opening up access to its network to third-party providers of corporate actions data. While Swift already carries corporate actions messages, the move represents the first time commercial data suppliers can distribute their corporate actions services via the network.

Bowing to pressure from its financial services clients, Swift has approached the leading suppliers of corporate actionsdata about distributing their services via the Swift network. Among …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

01 Oct 2003
SIS SegaInterSettle Releases Plans to Further Automate Corporate Actions

… released plans automate the messages it receives from issuers and to introduce a record date for corporate actionsin the Swiss market by November next year. The plans are part of a wider project launched by Swiss Financial Market Services (SFMS) to promote automation in the domestic securities industry.

The Swiss CSD’s plans for the automation of issuer communications will bring the domestic infrastructure into line with the European standards for the harmonisation of entitlements. To …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

22 Jul 2008
Globalisation Makes Life Harder for Corporate Actions Processors, Sibos Panellists Say

Despite the efforts of industry groups and standardisers in recent years, the job of processing corporate actions is getting harder, not easier. Greater levels of international investment and the growing complexity of the products in which clients are investing are key reasons for this, suggested Justin Chapman, senior vice president at Northern Trust, during a panel session on the globalisation of corporate actions at Swift’s Sibos conference in Boston earlier this month.

Fellow …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

24 Oct 2007
RDUG’s Kirby Stresses Role of Corporate Actions Processing

… (RDUG) used last month’s Finexpo 2004 conference in London to outline new initiatives in the corporate actions area. Kirby said the industry group was looking at corporate actions as a possible area for new activity.

In a wide-ranging presentation to industry participants at the event, Kirby underscored the importance of accurate handling of corporate actions. “Misinformation, at a minimum, may cause customer service issues or, even worse, huge losses through claims, if an event is …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Securities Identifiers , Reference Data Review

01 Feb 2004
Swift Talks up STaQS for Corporate Actions, Eyes up Tax Processing

Swift’s corporate actions message testing service, launched in April this year, has gained significant backing from the custodian community, says Max Mansur, senior product and markets manager at Swift. The Simulation Test and Qualification Service (STaQS) allows Swift’s customers to see how their usage of corporate action messages compares to market practice guidelines established by global and local …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

21 Aug 2008
DTCC White Paper Offers Plan for Corporate Actions Process

… Trust & Clearing Corp. (DTCC) continues to push its proposals for the transformation of corporate action processing with the release of a blueprint plan that includes proposals for the development of centralised data cleansing and hub-based messaging.

Earlier this year, the DTCC launched its Global Corporate Action (GCA) validation service (see RDR, June) as a centralised “industry utility” providing an automated, centralised source of scrubbed corporate action announcement …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Jul 2003
DTCC Picks up Penson Canada For Corporate Actions Data

Penson Financial Services Canada is the first Canadian clearing firm to use DTCC’s Global Corporate Action Validation Service (GCA VS). It joins a major Canadian bank among the users of the service, and DTCC says it is in active discussions with a number of other organisations in Canada about GCA VS.

Susan Spivey, head of sales for GCA, says DTCC has had a long-standing relationship with Penson, as a member of its clearing and settlement organisations. “Penson was …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 May 2007
ESSF’s Frey Provides Lowdown on Individual Corporate Actions Joint Working Group Results

The Corporate Actions Joint Working Group has done its best to find “the best future market practices irrespective of the current models being used in the market today”, said Werner Frey, chairman of the European Securities Services Forum (ESSF), to delegates to last month’s Sifma Clearing and Settlement Conference in London. Frey and some of the members of the working group provided details of …

Category: A-Team Delivery Terms , A-Team Free , RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

12 May 2009
Brewin Dolphin Deploys Telekurs’ Valordata, Mondas’ Radica Caps for Corporate Actions

… and stockbroker, went live last month with an integrated STP solution using Telekurs Financial’s corporate actionsdata delivered via the ISO 15022-based Valordata feed delivered to Mondas’ Radica Caps corporate actions processing software.

With this web-based solution, Brewin Dolphin can select securities on a daily basis for same-day delivery by Telekurs with elections and transactions taking place in real time. The Radica Caps solution is run centrally and accessed via a browser, …

Category: 0-Service , A-Team Classic , RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

01 Feb 2006
Xignite and Broadridge Financial Services Enter Corporate Actions Arena

If further proof was needed that corporate actions is big news for the vendor community at the moment, the entry of new contenders into the market is a sure sign that there are more profits to be squeezed out of the sector. Earlier this week, Broadridge Financial Services announced that it is launching a new fully managed corporate actions service and cloud services specialist Xignite has also released a new web service aimed at …

Category: 0-Service , A-Team Insight , RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

23 Jun 2009
Marshall & Ilsley Trust Company Sticks with XSP for Corporate Actions

… bank Marshall & Ilsley Corporation, has signed a multi-year renewal agreement for XSP’s v5 corporate actionssolution. According to Wayne Klomstad, senior vice president of Marshall & Ilsley Trust Company, it decided to extend its agreement with the vendor to cover the eTRAN module because of the “value” it as seen from the solution thus far.

Klomstad is also happy with the level of client support the firm has received from the vendor since it signed up for the solution in …

Category: 0-Service , A-Team Classic , RDR-Client Implementations , RDR-Corporate Actions , RDR-Downstream Apps & Workflow , Reference Data Review

03 Mar 2009
LSE, FT Interactive Data Go Live With Corporate Actions via Swift

With the opening up of the Swift network to vendors for delivery of their corporate actions data, several data vendors have grabbed the opportunity and are in the process of launching ISO 15022-compliant data services. These developments are helping move the industry towards standardization and greater automation of corporate actions.

FT Interactive Data last week launched the first phase of its ISO 15022 service, which is being made available as an optional module …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-Standards & Industry Initiatives , Reference Data Review

01 Aug 2004
Fiserv Breaks Corporate Actions Silence with Upgrade to eVent Solution

After a fairly quiet year so far from the Fiserv corporate actions team, Sibos saw the launch of a newly enhanced version of its eVent corporate actions automation solution. The upgrade is aimed at improving the flexibility of election and instruction processing and the notifications process with more customisable options, explains Geoff Harries, vice president of Investment Services at the vendor.

The upgraded solution is available as a …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

22 Sep 2009
Corporate Actions Joint Working Group Publishes Standards for Categorisation

The Corporate Actions Joint Working Group has finally released the results of its standardisation initiative, which is aimed at defining each category of corporate action in the market in order to allow for the harmonisation of processing rules. The proposals have now been drawn up and they have been sent out to the various national market practice groups (NMPGs) for consultation, says Paul Bodart, …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

12 May 2009
Abbey Financial Markets Live on DTCC Corporate Actions Data

In what DTCC says is a significant boost for the international penetration of its Global Corporate Actions Validation Service (GCA VS), Abbey Financial Markets has gone live with the scrubbed corporate actions data source, taking the ISO 15022-formatted feed directly into its trading system Global One. There are now 22 users of GCA VS, including Credit Suisse, JPMorgan Securities, Merrill Lynch, UBS and Raymond James.

Abbey Financial Markets’ ultimate aim is to automate the …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Mar 2007
Ness Adds Corporate Actions Functionality to Financial Data Enterprise Solution

… Business Services (Ness IBS). The new version, FDE 4.5, includes features such as processing of corporate actions, dynamic creation and set-up of instruments and asset classes, enhanced data quality management and streamlined workflows for outsourced reference data and securities processing operations, the vendor says.

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Enterprise Data Management , Reference Data Review

01 Sep 2007
Macquarie Wrap Launches Online Election Service for Corporate Actions

… investment platform business, Macquarie Wrap, has launched a new online election service for corporate actions. The aim of the new service is to expedite the processing of corporate actions for listed equities and improve the efficiency of advisers and their support staff, says Doug Chang, head of product for Macquarie Wrap.

The service is in response to client requests, says Chang: “We are constantly seeking feedback from advisers who use Macquarie Wrap and we aim to take action on …

Category: 0-Service , A-Team Insight , RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

10 Aug 2009
ISITC’s CAWG Finally Releases Long Awaited Corporate Actions US Market Practice Guide

… two years of revisions since the first draft was first released in October 2007, ISITC’s Corporate Actions Working Group (CAWG) has finally released its best practice guidelines for the corporate actions market in the US. As the Securities Market Practice Group’s (SMPG) designated US market representative, the ISITC group has been charged with compiling, reviewing and amending these best practices, which cover the complete lifecycle of a corporate action, from the notification of …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Standards & Industry Initiatives , Reference Data Review

05 Nov 2009
Unnamed French Bank Picks XSP for Corporate Actions Processing

An unnamed “large” French bank has selected XSP’s v5 platform to automate its corporate actions processing, according to the vendor. The bank will be rolling out the data management and scrubbing module, the notifications and responses module and the web-based eTRAN module for automated notifications, response capture and elections processing.

Brendan Farrell, CEO of the vendor, claims the eTRAN module in particular will make a significant difference to the process by …

Category: 0-Service , A-Team Classic , RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

27 Apr 2009
GBST’s Shah Talks up New Corporate Actions Solution Launch for Broker Community

… company’s name in August, the vendor formerly known as Coexis, GBST, has decided to join the corporate actionsvendor community. As one of a number of new entrants this year into this already fairly well populated market, GBST is attempting to set itself apart by tailoring its solution to meet the needs of small and medium sized brokers, says Sunil Shah, chief executive of Global Broker Services for the vendor.

“It is our second or third attempt to enter the corporate actions market …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-Risk Management , Reference Data Review

05 Nov 2009
Corporate Actions Data Increasing in Complexity and Frequency, Says BNY Mellon’s Cox

The innovation in the market and the high degree of corporate restructuring going on across industries at the moment has meant corporate actions have become more frequent and much more complex, says Matthew Cox, head of securities data management in EMEA for BNY Mellon Asset Servicing. This, in turn, has meant that banks are being required to invest in their systems to process this data and improve the quality of the data to a more granular level. …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Regulation and Compliance , RDR-Risk Management , RDR-Standards & Industry Initiatives , Reference Data Review

22 Feb 2010
TCS Upgrades Corporate Actions Offering, Bags Three New Customers for Solution

… (TCS) has upgraded the platform underlying all of its capital markets solutions including its corporate actions offering: TCS BαNCS for Corporate Actions. Devesh Gupta, principal consultant for the vendor’s corporate actions solutions, tells Reference Data Review the details of the version five upgrade and its three recent client wins.

The main focus of the upgrade was on improving the workflow tools for the solution, says Gupta, so that users of the data can have access to what they …

Category: 0-Service , A-Team Insight , RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

28 Sep 2009
Xignite Talks up Low Cost Approach to Corporate Actions Data

… speak to Reference Data Review about their proposition to provide low cost access to vital corporate actions data.

Xignite has been on the market data scene for some time providing on demand data via the web in a service oriented architecture (SOA) fashion. The venture is privately held but backed by investors Altos Ventures and Startup Capital Ventures and is based on the west coast of the US.

At the end of last month, Xignite launched its corporate actions offering, which seeks …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

22 Jul 2009
Natixis Bleichroeder Chooses Fidelity ActionsXchange for Global Corporate Actions

… in London and Paris, has signed an agreement for Fidelity ActionsXchange to serve as its global corporate action data partner. ActionsXchange will provide Natixis with cleansed domestic and international equity universe corporate action information such as stock splits, dividends, and mergers and acquisitions that can impact a public company’s share price.

Category: RDR-Corporate Actions , Reference Data Review

24 Oct 2007
SEC Gets on the Soapbox About XBRL and Corporate Actions, Again

… The SEC has also this month taken the initiative with regards to educating investors about corporate actions events and has amended proxy rules to allow electronic access to some of this data.

According to the regulator, the XBRL seminar will help answer frequently asked questions about the rules and technology requirements related to these data tags. SEC staff will therefore present information to help corporate filers understand how to comply with the rules and provide an …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Regulation and Compliance , RDR-Risk Management , Reference Data Review

26 Feb 2010
Korea’s Shinhan Aitas Picks SmartStream Technologies’ TLM for Corporate Actions

… Shinhan Aitas, part of the Shinhan Financial Group, has selected SmartStream Technologies’ TLM Corporate Actionsto feed corporate events into its client reports. Kees Middendorp, senior consultant, corporate actions, for SmartStream Asia Pacific, explains that the administrator, which provides outsourcing services to fund managers in the region, selected the solution as part of a drive to expedite the time to market of these services.

Middendorp explains: “Shinhan wanted to increase …

Category: 0-Service , A-Team Classic , A-Team Delivery Terms , A-Team Free , AMIT-Pricing & Reference Data , AsiaMarketsIT.com , RDR-Corporate Actions , Reference Data Review

12 Sep 2008
Industry Focus on Risk May Result in More Investment in Corporate Actions Automation, Says Swift and CityIQ Panel

Despite the downturn in the markets, corporate actions automation has not fallen off the industry radar, according to speakers at CityIQ and Swift’s London seminar at the end of October. Rather than driving down spending, a reduced tolerance for risk provoked by recent events could instead encourage increased investment in corporate actionsautomation in the coming months, attendees to the event were told.

Alan Parsons, product …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

18 Nov 2008
BISS Research Adds STP and Risk Measurements to Corporate Actions Benchmarking

… to capitalise on this focus in data management with an upgrade of its benchmarking service for corporate actionsvendors. For obvious reasons, risk management and STP have become key drivers for investment in the space (reducing headcounts and regulatory scrutiny being two such reasons), and BISS Research has duly added these factors to its benchmarking service.

Gary Wright, CEO of BISS Research, claims the service is “the only truly independent research company to focus on raising the …

Category: 0-Service , A-Team Delivery Terms , A-Team Free , A-Team Insight , RDR-Blogs & Commentary , RDR-Corporate Actions , Reference Data Review

15 Jan 2009
Podcast: SmartStream Technologies’ Phillips Discusses Corporate Actions Vendor Landscape

… in the tough market climate with regards to managing the balancing act of mitigating risk around corporate actionsand cutting costs.

Running time: 7 minutes 51 seconds

Click the play button below to listen now:

Download this Episode |  Subscribe via iTunes

Category: 0-Service , A-Team Delivery Terms , A-Team Free , A-Team Insight , A-Team Podcasts , RDR-CorporateActions , RDR-Podcasts , Reference Data Review

14 Dec 2009
The Centre for Research in Security Prices Selects XSP v5 Corporate Actions Platform

XSP, a global provider of corporate actions software, announced today that the Centre for Research in Security Prices (CRSP) at the Booth School of Business has selected the XSP v5 solution to automate its corporate actions processing. CRSP, a highly specialised provider of market data to hundreds of academic, commercial and government institutions for nearly 50 years, has signed a five year license with XSP to manage …

Category: RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

30 Nov 2009
Asian Ops of Tier 1 European Bank Selects SmartStream’s TLM Corporate Actions

… 1 European bank has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) CorporateActions solution with a view to improving processing efficiency throughout the corporate event lifecycle and reduce risk. According to the vendor, the solution allows the bank to achieve automation in previously highly manual processes.

The bank’s operations in Hong Kong, which serve as a regional hub for Asia, sought to replace its existing manualcorporate event processing with an …

Category: 0-Service , A-Team Classic , A-Team Delivery Terms , A-Team Free , AMIT-Pricing & Reference Data , AsiaMarketsIT.com , RDR-Corporate Actions , Reference Data Review

27 Oct 2008
Shark’s Tooth Volatility Bites Corporate Actions Risk Profile, Says JPM’s Kane

… extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and this is not likely to change any time soon, he continued.

“The general trends in the market this year are a high level of capital markets activity, lots of rights issues, an uptick in mergers and acquisitions and the restructuring of a high number of debt instruments. This combined with the shark’s tooth volatility in the market will prove to be a real challenge for …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

23 Jan 2009
SunGard Integrates XSP’s Corporate Actions Software with its Phase3 Solution in an ASP Environment

SunGard has integrated XSP’s global corporate actions software capabilities with its Phase3 multi-asset, multi-currency securities processing solution in a SunGard hosted application service provider (ASP) environment. Tony Scianna, executive vice president of SunGard’s brokerage and clearance business, explains that the integration was in response to requests from the vendors’ mutual client base.

“Mutual XSP and Phase3 …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

26 Nov 2008
As Sale of Corporate Actions Specialist Xcitek Looks Likely Once More, Speculation Mounts as to Buyer

Speculation that a sale of US-based corporate actions software and data vendor Xcitek could be imminent is mounting. The provider has been rumoured to have been seeking a buyer for some time, with talk of a sale reaching a peak around October last year. Activity seemed to have slowed in the early part of 2007, but appears to have increased again in recent weeks.

A number of potential buyers are said to be or have been in the …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Mar 2007
Fidelity ActionsXchange Looking Beyond Corporate Actions Cleansing, Say Pollard and Culhane

… appointment to the helm of Fidelity ActionsXchange, Laura Pollard indicates that the traditionally corporate actionsfocused vendor is set to expand its reference data reach under her leadership. The vendor is considering expanding its data cleansing solutions to areas such as entity data and moving further down the corporate actions processing chain, Pollard and Deborah Culhane, chief operating officer at the vendor, tell Reference Data Review.

Pollard, a 19 year Fidelity veteran, took over …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Counterparty and Entity Data , RDR-Data Vendors & Services , RDR-Regulation and Compliance , RDR-Risk Management , RDR-Standards & Industry Initiatives , Reference Data Review

05 Oct 2009
Time for a MiFID for Corporate Actions? By Richard Newbury, Head of Product Services at Telekurs

Corporate actions processing is moving to centre stage in the minds of back office managers, in the same way that trading has been to the front office for a very long time. Corporate actions processing is expensive in terms of human resources. There are persistent rumours that missed corporate actions have cost some banks dearly in compensation (although this is seldom confirmed by banks), making …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Sep 2007
XSP Expands London Office to Accommodate Continued Growth and Ongoing Investment in Corporate Actions Innovation

XSP, a provider of corporate actions software, announced today that it has moved to larger office space in London to support its growing staff and global client base. The new space – which is located at the same address, 68 King William Street – more than doubles the size of its previous office.

Neil Sheppard, managing director and chief operating officer of EMEA at XSP, said, “There was a clear need …

Category: RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-People Moves , Reference Data Review

01 Mar 2010
Reuters Adds Hourly Corporate Actions Updates to Meet Algo Trading-Driven Need for Timely Event Data

Reuters has added an enhancement to Reuters DataScope Select which will see its corporate actions data updated hourly, rather than once a day. Users will be able to monitor portfolios more actively by choosing how often they receive updates and paying according to the quantity of data they use, Reuters says.

The release of the Intraday Corporate Actions Service provides clients with access to Reuters’ Corporate Action database on an hourly basis through DataScope Select, …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

21 Jan 2008
ADP Wilco Unveils Corporate Actions Platform for Global Event Notification at Lehman Brothers

Lehman Brothers in London went live over the summer with ADP Wilco’s new UPM Corporate Actions platform, the first client to implement the newly launched Wilco system. Lehman is using UPM Corporate Actions to manage its processing of corporate actions data globally, and will use additional modules of the system which Wilco plans to roll out in the next few weeks.

UPM – for Universal Processing Machine – processes notification events, and alerts interested parties …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Sep 2003
EDI to Provide Advent Clients with Equities and Fixed Income Corporate Actions Data

Buy side systems vendor Advent Software has signed an agreement with reference and corporate actions data vendor Exchange Data International (EDI), under which EDI will provide worldwide equities and fixed income corporate actionsdata to Advent clients. The data will be provided to clients via Advent Corporate Actions (ACA), Advent’s straight through processing service.

EDI is Advent’s third international data vendor available through ACA, which delivers customised, …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

25 Sep 2008
DTCC to Replace XSP with In-house Platform For Global Corporate Actions Validation Service

Aiming to bring control of its Global Corporate Action (GCA) Validation Service in-house and to improve the quality of itscorporate actions data, the DTCC has been developing its own platform to support the service, replacing existing Xcitek XSP technology. The new platform is scheduled to go live in September, according to sources.

A document outlining the DTCC’s development agenda says the new platform, which is currently …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

01 Aug 2006
DTCC Talk up Improvements to Corporate Actions Validation Service, XBRL Initiative

The recent uptick in the corporate actions world has not gone unnoticed by the Depository Trust & Clearing Corporation (DTCC) and its Global Corporate Actions Validation Service (GCA VS) subsidiary is keen to steal a march on its rivals. Caroline O’Shaughnessy, vice president and global head of sales for Data Solutions, Asset Services, and Stuart Goldstein, managing director of DTCC corporate communications, …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Counterparty and Entity Data , RDR-Data Vendors & Services , RDR-Regulation and Compliance , RDR-Risk Management , RDR-Standards & Industry Initiatives , Reference Data Review

02 Jul 2009
GBST’s O’Brien Discusses ITG Win, Broker Approach to Corporate Actions Processing and Asian Progress

Following its move into the corporate actions space in November last year (see our coverage here ), GBST has bagged its first client in the form of agency brokerage and financial technology provider Investment Technology Group (ITG) and has a number of promising prospects in the Asian region poised to sign on the dotted line, says Donal O’Brien, who manages business development for GBST Global Broker Services. ITG is …

Category: 0-Service , A-Team Insight , RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

01 Mar 2010
ITG Selects GBST Syn~ for European Installation of Model-based, Back Office Settlement and Corporate Actions Processing

… will provide real-time responsiveness for back office processing and mitigate the risk of managing corporate actions. ITG will deploy Syn~BackOffice and Syn~CorporateActions for these functions, which are being brought in-house for the first time.

ITG specialises in partnering with asset managers to provide cutting edge solutions ranging from pre-trade analysis to trade execution and post-trade evaluation. ITG selected Syn~ in order to standardise the back office settlement andcorporate 

Category: RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

25 Feb 2010
Standard Chartered Picks GoldenSource for Corporate Actions Golden Copy Creation

… Bank has chosen GoldenSource Securities & Products to automate the creation of its golden copy corporate actionsnotifications. The Asian bank began looking for a corporate actions validation solution in early 2008 and began talking to the vendor about the implementation before year end, explains Gert Raeves, senior vice president of strategic business development and marketing at GoldenSource.

“After a very strong growth period in its securities services business, Standard Chartered …

Category: 0-Service , A-Team Classic , A-Team Delivery Terms , A-Team Free , AMIT-Client Implementations , AMIT-Pricing & Reference Data , AsiaMarketsIT.com , RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

11 Mar 2009
FTSE Group Goes Live on XSP v5 Corporate Actions Platform in New York

Following its implementation in London earlier this year, FTSE Group has gone live with the XSP v5 Corporate Actionsplatform in New York. The implementation is part of FTSE’s initiative to achieve an automated STP environment for the management of corporate action events applied to FTSE indices, explains Chris Broad, chief operating officer at FTSE Group.

“The XSP v5 solution allows us to deliver this information to our worldwide clients in a timely manner. The XSP v5 solution helps us …

Category: 0-Service , A-Team Classic , RDR-Client Implementations , RDR-Corporate Actions , Reference Data Review

18 Dec 2008
DTCC GCA Launches New Web Browser Service for Real-Time Corporate Actions Data

The Depository Trust & Clearing Corporation’s (DTCC) Global Corporate Actions (GCA) business unit has launched a new web browser service that offers real-time access to its global, validated corporate action database. Brett Lancaster, DTCC vice president of GCA, explains that the service is aimed at providing a low cost entry point to often expensivecorporate actions data.

According to the vendor, the GCA Browser provides a direct connection to the GCA …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

24 Mar 2009
FTSE Group Extends Implementation of XSP v5 Corporate Actions Platform to Hong Kong

… its rollout in both London and New York last year, FTSE Group has gone live with the XSP v5 Corporate Actionsplatform 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: …

Category: 0-Service , A-Team Insight , RDR-Client Implementations , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

28 Oct 2009
Risk Avoidance is the Cornerstone of the Corporate Actions Business in the Current Climate, Says HSBC’s Brock

… is wholly on risk avoidance, Stephenie Brock, manager of technology and business solutions for corporate actions at HSBC Securities Services, told delegates to the CorpActions 2009 Europe conference. “Risk avoidance is in fact the cornerstone of the business at the moment,” she said, while speaking on the panel about data quality.

Risk is present in the misinterpretation of events or options, which can result in losses due to incorrect elections and late announcements, Brock …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

23 Jan 2009
SmartStream Launches New Version of TLM Corporate Actions, Adds Solution to Common Platform

… solution vendor SmartStream Technologies has upgraded its Transaction Lifecycle Management (TLM) CorporateActions solution in order to realise cost savings and efficiencies by bringing it onto a common platform with the rest of its offerings. Paul Phillips, business development consultant at the vendor, explains to Reference Data Review that the upgrade has been ongoing for the last year.

“SmartStream took the decision to bring TLM Corporate Actions into line with the rest of its …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

16 Sep 2009
Sifma’s AMF Committee Jumps on the Bandwagon for XBRL in the Corporate Actions Issuer to Investor Space

XBRL for US corporate actions was the talk of Sibos this year (see here ) and it seems that the industry is gradually getting behind the idea, as Swift, the Depository Trust & Clearing Corporation (DTCC) and XBRL US continue to push forward with their initiative. This month, Sifma’s Asset Managers Forum (AMF) Corporate Actions Committee demonstrated its support for the plan to automate the issuer to …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-Standards & Industry Initiatives , Reference Data Review

16 Nov 2009
EDI and DPC Sign Marketing Agreement for Bond Reference and Corporate Actions Data

Corporate actions data vendor Exchange Data International (EDI) and DPC Data, a data publishing and business process outsourcing company, have signed a joint marketing agreement, under which both vendors will provide their respective user bases with access to their data offerings. David Moore, EDI fixed income manager, explains that the vendor reckons the combination of bond reference data and …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-Securities Identifiers , Reference Data Review

02 Apr 2009
XSP Partners with Decillion Group to Provide XSP v5 Corporate Actions Platform as a Service Solution for Asia Pacific

… Group, a banking software solutions provider, to provide a service-based offering of the XSP v5 Corporate Actionsplatform to the Asian and Australian markets. Through this agreement, Decillion Group will market and support the XSP v5 software in a software as a service (SaaS) environment to help clients in the Asia Pacific region achieve straight through processing (STP) of corporate actions events.

The XSP v5 platform is built around a service oriented architecture (SOA), utilising …

Category: RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

21 Sep 2009
Shark’s Tooth Volatility of the Market is Raising the Risk Profile of Corporate Actions Dramatically, Says JPMorgan’s Kane

… extreme volatility in the market over such a sustained period is exaggerating the risk profile of corporate actions and this is not likely to change any time soon, he continued.

“The general trends in the market this year are a high level of capital markets activity, lots of rights issues, an uptick in mergers and acquisitions and the restructuring of a high number of debt instruments. This combined with the shark’s tooth volatility in the market will prove to be a real challenge for …

Category: 0-Service , A-Team Classic , RDR-Corporate Actions , Reference Data Review

23 Jan 2009
Swift on Course for Cost Cutting, Corporate Actions is Big Focus This Year

… base and the opening plenary, which included many references to Swift’s recent successes in the corporate actionsspace. Delegates to the event in Hong Kong therefore got the lowdown on the plans for a leaner, meaner Swift and were also reassured of the continuing importance of reference data to its core business.

Swift chairman Yawar Shah told delegates at the opening plenary: “Customer centricity and dialogue is key for our survival. It has been a year of traumatic change for your …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , RDR-Standards & Industry Initiatives , Reference Data Review

22 Sep 2009
Fiserv’s Third Quarter Results Down on Last Year, Vendor Focusing on Asset Management Community for Corporate Actions Solution

… US$1.04 billion in 2008. However, although it has also been a quiet year for the vendor on the corporate actionssolution side of the business, things are picking up, Geoff Harries, vice president, product strategy, Investment Services at Fiserv, tells Reference Data Review.

Total revenue for the first nine months of 2009 was also down on last year with US$3.02 billion compared with US$3.55 billion in 2008, according to the vendor’s figures. The vendor’s best performance for the …

Category: 0-Service , A-Team Insight , RDR-Corporate Actions , RDR-Data Vendors & Services , Reference Data Review

29 Oct 2009
 

 

 

 

 

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