Corporate actions applications vendor Xcitek is making its Cost Basis service available through the web.
The service includes the Xcitek Cost Basis Calculator first introduced in 2000. It aims to enable users to derive a security’s Cost Basis, factoring-in all splits, spin-offs, distributions, mergers and other Cost Basis-affecting events.
“Our subscribers look to us for leadership in the use of technology to make their daily work more efficient,” says Charles W. Price, senior vice president at Xcitek. “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. We feel confident that our users will be pleased with the new capabilities found in the redesigned Cost Basis Service, and we will continue to offer the most sophisticated and feature-rich services for our clients.”