Xcitek announced Monday that Cantor Fitzgerald Europe will use the company’s XSP software to automate it corporate actions processing for Cantor Fitzgerald’s wholesale brokerage services group BGC Partners LP.
XSP is designed to capture and clean data from multiple vendor sources and custodian data and offers the ability to track event notifications and elections via its web-based module, eTRAN.
Mark Kinsella, head of corporate actions at Cantor Fitzgerald, says the software will allow the company to “achieve greater levels of straight-through processing” of data.