FTSE Group, a company engaged in the creation and management of indices, connects to the XSP™ v5 Corporate Actions platform in New York.
XSP, the global provider of Corporate Actions software, has delivered FTSE its the XSP v5 product in London since the second quarter of 2008.
The XSP v5 platform is a state-of-the-art application developed to automate each step in the processing of global Corporate Actions. From Data Management to Entitlement Management to Notification and Response Capture, global financial institutions gain immediate return on investment (ROI) with its flexible modular approach and rules-based workflow engine. A Microsoft Gold Certified Partner, XSP has re-engineered its platform using advanced Microsoft technologies.
The XSP v5 platform is built around a service-oriented architecture (SOA), utilising Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady label, the XSP v5 platform is SWIFT 15022 compliant and combines cutting-edge technology with feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing (STP).
“We are delighted to be live on the XSP v5 Corporate Actions platform at our U.S. operation as well as in Europe,” says Chris Broad, chief operating officer, FTSE Group. “FTSE set an initiative to implement an automated STP environment for the management of Corporate Action events applied to FTSE indices.
“The XSP v5 solution allows us to deliver this information to our worldwide clients in a timely manner. We continually seek to improve our performance and productivity whilst enhancing client services through technological improvement. The XSP v5 solution helps us fulfil these goals and we continue to work closely with XSP as we further expand deployment into the Asian markets.”
“FTSE conducted a rigorous due diligence process which included technical workshops and proof of concept programmes prior to selecting the XSP v5 product,” says Neil Sheppard, managing director and chief operating officer, EMEA, XSP. “The success of this project is a true testament of our global support and capabilities. We look forward to continuing working closely with FTSE to meet their global Corporate Action requirements and further extend their licence to other parts of the world.”
L.D.