Entries Now Closed for CityCompass Corporate Actions Benchmarking Forum

London, UK 3rd June, 2003 - CityCompass, the independent facilitator of contemporary market issues affecting the financial services sector, today announced that it has now closed participation of any further Corporate Action vendors at this unique benchmarking forum, to be held in London on 24th June.

The final vendors accepted are Heliograph, Smartstream and Xcitek which now brings the number of CA (corporate actions) vendors to the final seven. Previously confirmed were ADP Wilco, TCS (Tata Consultancy Services), Mondas and Vermeg.

Gary Wright Director of CityCompass said "We are ecstatic at the overwhelming response to this first Benchmarking event. The idea was to publicly demonstrate a selection of the vendors in the CA arena and measure their systems against a benchmark set by an independent panel of experts. Delegates attending the Benchmarking day will see a true assessment of some of the largest players in the CA market"

Wright added "Delegates attending the event are coming from as far a field as India and Eastern Europe to obtain the latest information about the developments within Corporate Actions automation."

Non-participating vendors at the Benchmarking day are currently returning their completed questionnaires for the post-trade research report that will be the most comprehensive independent analysis of Corporate Actions attempted to date.

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