Enterprise Data Management provider, GoldenSource Corporation, and CDS Inc., a supplier of Canadian equity and debt entitlements information and a subsidiary of The Canadian Depository for Securities Limited, plan to integrate CDS’s corporate actions and entitlements data with GoldenSource Securities & Products software.
The new offering will support global efforts to improve straight-through processing of entitlements information, streamlining back office operations and providing financial institutions with major cost and operational efficiencies.
The offering extends CDS INC.’s capabilities to deliverimproved, corporate actions and distribution entitlement information. By using SWIFT ISO 15022 message standards, information can be directly fed into additional systems, removing the need for manual intervention and greatly improving straight-through processing rates.
“Our goal is to leverage the strengths and reliability of our real-time infrastructure by selecting leaders such as GoldenSource who understand real-time data and can provide a complementary, high-quality data management platform” said Ian Gilhooley, Chief Operating Officer, CDS INC.
“We are combining our efforts and expertise in entitlements, including corporate actions and distribution events, to develop a quick-to-market practical solution for the speedy publishing of Canadian market information to consuming applications in the time-critical area of corporate actions and entitlements via the SWIFT network or file transfer protocol,” he added.