The XSPÂ® v5 platform is XSPâs state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. A Microsoft Gold Certified Partner, XSP has 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 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).
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, âWe are delighted to welcome another prestigious Hedge Fund client that is dedicated to providing innovative solutions to the financial community. The industry demands solutions that automate and streamline the highly-complex processing of Corporate Actions while closely monitoring risk exposure. At XSP we believe in delivering solutions that provide superior functionality combined with first-class customer service and cutting-edge technology. We look forward to helping this top Hedge Fund excel in its strategic goals.â
This Hedge Fund is a forward-thinking organization that considers technology not only an integral part of its strategy but a corporate function and general way of life. Through XSPâs product, this Hedge Fund will benefit from a high availability platform, associated database backend and the use of virtual technologies to ensure transaction integrity. In addition, the Hedge Fund will have the ability to take advantage of XSPâs modular, flexible and configurable design which offers its clientele a powerful platform to streamline Corporate Actions processing.