SmartStream Technologies, a transaction management software provider, is partnering with the Depositary Trust & Clearing Corporations subsidiary DTCC Solutions to integrate the latters validation service into SmartStreams TLM Corporate Actions platform.
DTCC Solutions Global Corporate Actions Validation Service, which validates corporate actions on more than 2.5 million securities in 200 countries, publishes data up to 15 times per day.
Combining the two solutions will provide clients with early, validated notifications that can be broadcast straight through to the front office, and it will also allow clients to reconcile custodian and broker notifications, processing the entire event life cycle, SmartStream says.
We are very happy to have entered into this agreement with DTCC Solutions, says Philippe Chambadal, CEO of SmartStream Technologies. The combination of our corporate actions solution and DTCC Solutions GCA Validation Service makes this a powerful tool for middle and back offices. The ease of use and accuracy alone will make a real difference in the way financial institutions conduct their corporate actions business and they will see the results of the realized efficiencies almost immediately.
(OS)