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October 19, 2006
Xcitek Launches Enhanced Cost Basis Tool
By Tim Clark, Wall Street & Technology
Xcitek, a provider of market data, corporate actions software and consulting services, recently announced the deployment of a new Web platform for its Cost Basis Service.
Included in the upgraded service are numerous user-definable features aimed at improving efficiency:
Today’s Cost Basis – A daily listing of all new or newly updated Cost Basis events.
Watch List – A customized setting to bring users attention to pre-defined Cost Basis events.
Portfolio – A tool to upload groups of securities for monitoring of Cost Basis events.
Alerts – User-definable settings to issue automated e-mails of formatted Cost Basis events.
A proprietary Xcitek Cost Basis Calculator is also included in the upgrade, which enables the automated derivation of a security’s Cost Basis, factoring-in all splits, spin-offs, distributions, mergers and other Cost Basis-affecting events.
“This new Web site is designed exclusively for users of Xcitek Cost Basis Service and represents the second part of our initiative to rewrite all of our online platforms,” said Charles W. Price, senior vice president at Xcitek, in a release.
Posted by Tim Clark at 12:17 PM
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