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 straight-through processing (STP).
Anthony Mauro, Vice President of Operations at Southwest Securities, said, âWe selected XSP based on the productâs extensive functional coverage, reputation in the industry and continuous investments in technology. The XSP software will automate our Corporate Actions process, reduce risk, streamline workflow and enhance communications to our clients. In addition, the XSP product interfacing to Comprehensive Software Systemsâ solution will promote further STP.â
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, âWe welcome Southwest Securities as our latest XSP client. Our highly experienced Professional Services team will work closely with them to deploy the XSP solution and to achieve maximum operational efficiency. During times when the markets are experiencing such volatility, it is critical now more than ever to reduce the risks and costs associated with the manual processing of Corporate Actions. The addition of Southwest Securities to our client base provides another example of the marketsâ ongoing demand for automation with a proven Corporate Actions software solution. We look forward to working with Southwest Securities.â