Fidelity ActionsXchange, a leading provider of corporate actions processing solutions, announced today that it will provide Automated Trading Desk, LLC, (ATD) the pioneer of automated trading technology, with cleansed domestic equity corporate action information through its ActionService product.
“ATD has built its business on developing and utilizing cutting-edge trading technology,” said Christopher Madigan, vice president of global sales and marketing, Fidelity ActionsXchange. “With an emphasis on same-day trading, reliability and timeliness are critical to the success of ATD brokerage group’s business model. We are delighted that ATD has chosen ActionsXchange’s corporate actions processing solutions to help them realize greater efficiencies and further optimize their operations.”
“In Fidelity ActionsXchange, we have found a business partner who truly understands our organization and objectives,” said Jeff Martin, president of Automated Trading Desk Financial Services. “By receiving cleansed consolidated corporate actions through the ActionsXchange data feed, we will be able to ensure consistency of data across the entire organization. This will help to streamline our business processes and move information across the organization more rapidly.”
Fidelity ActionsXchange receives corporate actions data from multiple sources and uses experienced industry professionals to compare data, resolve conflicts and augment information. Its client base currently is comprised of more than 40 major broker-dealers, asset managers, banks and hedge funds.
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