A global broker dealer based in New York has licensed the XSP v5 platform for global corporate actions processing, according to XSP, a provider of corporate actions software. In addition to the XSP Data Management module, the company will also roll out the Web-based eTRAN (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for automated notification, response capture and elections processing.
The XSP v5 platform is XSP's latest solution and was 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 Gold label, the XSP v5 platform is SWIFT 15022 compliant and combines new technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP). "XSP recognizes the importance of developing a sense of partnership with our clients and providing them with world-class support before, during and after an implementation. We pride ourselves in fully understanding the unique needs of each of our clients and in delivering a platform solution that will maximize operational efficiencies. We welcome our latest client to XSP and look forward to enhancing this relationship even further over the coming years," said Brendan P. Farrell, chief executive officer at XSP, in a press release.