Xcitek, a provider of corporate actions automation, says Daiwa Securities America has gone live with the XSP software application to automate its corporate actions processing.
“We are extremely pleased with the quick implementation of XSP into a live environment in just 30 days,” says Nicholas C. Rubino, Senior Vice President and Director of Operations at Daiwa Securities America Inc. “They have far exceeded our expectations in delivering such a robust corporate actions solution to Daiwa in a short timeframe. Their expertise in corporate actions along with the professionalism of the entire XSP staff clearly shows the strength of the company and its commitment to the business. The extraordinary joint efforts of the professionals at both firms made this accomplishment possible.”
Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus, describes the Daiwa project as significant. “Automating corporate actions with a solid and proven solution like XSP will help Daiwa to manage a greater volume of trades while reducing operational risk. Thanks to the hardworking teams at Daiwa and XcitekSolutionsPlus, we are able to announce the success of this latest project and look forward to similar announcements in the future,” he says