New York - Reuters (LSE: RTR.L, NASDAQ: RTRSY) today announced that Reuters DataScope Pricing & Reference Data, its complete back office solution for historical and reference data, has teamed up with Xcitek, a leading provider of market data, corporate actions software and staffing solutions, to deliver automated corporate actions data via XSPâ¢.
Reuters DataScope Pricing & Reference Dataâs comprehensive, SWIFT ISO15022-compliant corporate actions data is now available via Xcitekâs XSP - a powerful, rules based, data-scrubbing engine with built-in exception handling capabilities for end-to-end corporate actions processing.
Caroline OâShaughnessy, Head of Third Party Alliances for Reuters DataScope, said: âReuters DataScope Pricing & Reference Data has made a priority of, and is making a significant ongoing investment in, corporate actions data, and the alliance with Xcitek further strengthens our delivery options - to both the buy and sell sides.â
Brendan P. Farrell, Jr., Managing Partner at Xcitek, said: âXSP clients now have access to Reuters DataScope Pricing & Reference Dataâs comprehensive ISO15022 standard corporate actions data. This enhances our extensive offering of distinct data sources available via our robust solution, in order to meet the needs of each individual client. This alliance gives clients further scope to improve STP and conforms to the best practices defined by the Securities Market Practice Group (SMPG) for corporate actions processing.â
Sponsored by SWIFT, ISO15022 is fast becoming the predominant messaging format for corporate actions worldwide. Reuters released its ISO15022 feed, which was tested and approved by SWIFT, in September; as its first step in a move to dramatically increase coverage of the corporate actions market.