Waters Magazine, now in its 15th year, looks at how technology impacts the securities industry and how the evolving global market structure is driving technology. The Waters Rankings survey invites readers from various financial institutions, including investment firms, hedge funds, brokerages and exchanges to select the best financial service solutions and technology providers. In the category for âBest Corporate Actions Solution,â XSP was the only software vendor named in the top three, receiving 15.9% of the votes. Fidelity ActionsXchange and DTCC, both data providers whose interfaces are supported by the XSP software, scored 21.3% and 16.2%, respectively.
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, âWe constantly strive to deliver the best Corporate Actions automation software to the marketplace. This achievement in securing the most votes within the Corporate Actions software space validates our ongoing commitment to state-of-the-art technologies and world-class client services. Our top position in the 2009 Waters Ranking demonstrates the loyalty of our clients as well as the dedication of our subject matter experts. We thank our clients who voted for us and also congratulate Fidelity ActionsXchange and DTCC for their successes. By providing this critical data to financial institutions, they are initiating the first step in the processing of this highly-complex operational lifecycle.â
The XSP 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 STP.