Through the combination of Interactive Dataâs high-quality data and XSPâs robust software, clients can have seamless access to tools and information designed to help them effectively manage and process more than 40 corporate actions event types, including mergers, tender offers, exchanges and rights offerings.
Interactive Dataâs Xcitek Corporate Actions(TM) Service can deliver notifications of newly announced and revised events to clients every two hours. Intra-day files are delivered to clients in a standard fixed format beginning at approximately 10:00 ET each day. The compilation of the five intra-day files reflects all of the data collected for the standard end-of-day feed that is available at approximately 19:00 ET.
XSPâs corporate actions processing software is accredited with the SWIFTReady Gold Corporate Actions Label, is SWIFT 15022 compliant and features comprehensive data management components, workflow management modules, web and ISO messaging for client notification, response capture as well as a complete entitlement processing engine. This software is designed to mitigate the operational risks and costs associated with corporate actions processing. Currently, more than 30 clients receive Interactive Dataâs corporate actions information through XSPâs software platform.
âOur latest joint effort with Interactive Data demonstrates our ongoing commitment to providing value-added enhancements and solutions to the global financial marketplace,â said Brendan P. Farrell, Jr., chief executive officer at XSP. âBy providing Interactive Dataâs intra-day corporate actions data via the XSP(TM) software, clients can manage the downstream processing of this mission-critical information to help further maximize operational efficiency and improve straight-through processing (STP) rates. We look forward to working with Interactive Data to deliver innovative offerings to the financial community.â
âWe are very pleased to expand our long-standing relationship with XSP by incorporating our intra-day corporate actions data with their software platform,â said Robin Simpson, managing director of Reference Data, Interactive Data. âBy delivering this high quality, comprehensive information throughout the day via sophisticated software, Interactive Data and XSP can help financial institutions effectively monitor critical events that can influence the financial markets.â
Xcitek Corporate Actions(TM) is offered by Interactive Data Pricing and Reference Data, Inc.