XSP Offers Interactive Data's Intra-Day Corporate Actions Data Through Comprehensive Software Platform
April 29 2008 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today
announced that its intra-day corporate actions data will now be
available through XSP�s software platform. Through the combination
of Interactive Data�s high-quality data and XSP�s 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 Data�s Xcitek Corporate Actions�
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. XSP�s 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 Data�s corporate actions information
through XSP�s software platform. �Our latest joint effort with
Interactive Data demonstrates our ongoing commitment to providing
value-added enhancements and solutions to the global financial
marketplace,� said Brendan P. Farrell, Jr., chief executive officer
at XSP. �By providing Interactive Data�s intra-day corporate
actions data via the XSP� 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.� �We are very pleased to expand our
long-standing relationship with XSP by incorporating our intra-day
corporate actions data with their software platform,� said Robin
Simpson, managing director of Reference Data, Interactive Data. �By
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.� Xcitek Corporate
Actions� is offered by Interactive Data Pricing and Reference Data,
Inc. About XSP XSP is the leading provider of corporate actions
automation software for the global financial services industry.
Accredited with the SWIFTReady Gold Corporate Actions Label, the
XSP platform is SWIFT 15022 compliant and proven to mitigate the
operational risks and costs associated with corporate actions
processing. This leading-edge solution features an extensive
workflow module and robust data management tools. XSP�s web-based
eTRAN and ISO messaging modules automate the client notification
and response capture and reconciliation of elections on complex
corporate actions events. The XSP Entitlement Management module
completes the corporate actions processing lifecycle for true
end-to-end STP. With over 60 global clients, the XSP software is
the most widely-implemented corporate actions solution in the
world. XSP is a Microsoft Gold Certified Partner and has achieved a
Microsoft Competency in ISV/Software Solutions. For more
information, please visit us at www.xsp.com. About Interactive Data
Corporation Interactive Data Corporation (NYSE: IDC) is a leading
global provider of financial market data, analytics and related
services to financial institutions, active traders and individual
investors. The Company's businesses supply real-time market data,
time-sensitive pricing, evaluations and reference data for millions
of securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support
of their trading, analysis, portfolio management and valuation
activities. Through its businesses, Interactive Data Pricing and
Reference Data, Interactive Data Real-Time Services, Interactive
Data Fixed Income Analytics, and eSignal, the Company has
approximately 2,300 employees in offices located throughout North
America, Europe, Asia and Australia. The Company is headquartered
in Bedford, Mass. Pearson plc (NYSE: PSO; LSE: PSON), an
international media company, whose businesses include the Financial
Times Group, Pearson Education, and the Penguin Group, is
Interactive Data Corporation's majority stockholder. Interactive
Data Pricing and Reference Data provides global securities pricing,
evaluations and reference data designed to support financial
institutions� and investment funds' pricing activities, securities
operations, research and portfolio management. Interactive Data
Pricing and Reference Data collects, edits, maintains and delivers
data on more than 6 million securities, including daily evaluations
for approximately 2.5 million fixed income and international equity
issues. Interactive Data Pricing and Reference Data specializes in
�hard-to-get� information and evaluates many �hard-to value�
instruments. Pricing, evaluations and reference data are provided
in the U.S. through Interactive Data Pricing and Reference Data,
Inc. and internationally through Interactive Data (Europe) Ltd. and
Interactive Data (Australia) Pty Ltd. For more information about
Interactive Data Corporation and its businesses, please visit
www.interactivedata.com. Interactive DataSM and the Interactive
Data logo are service marks of Interactive Data Corporation. Xcitek
Corporate Actions� is a trademark of Xcitek, Inc. All rights
reserved. XSP and eTRAN are trademarks of XcitekSolutionsPlus, LLC.
Patent Pending.
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Sep 2023 to Sep 2024