XSP, the global leader in automated end-to-end Corporate Actions solutions, announced it has broadened its strategic partnership with SIX Financial Information through the integration of SIX Financial Information's Valordata Feed (VDF), which is compatible with the XSP v5 platform as well as the XSPrisa Software as a Service (SaaS) offering.
The utilization of the ISO 15022 standard format through the VDF global data feed confirms the increased market activity and continued interest in the realization of straight-through processing (STP). In addition, XSP customers can now take advantage of SIX Financial Information's robust, global security ID cross-reference capability, both directly within the XSP v5 platform and via the XSPrisa SaaS solution.
Barry Raskin, Managing Director of SIX Financial Information USA, said, "We know that XSP's state-of-the-art platforms already make the most of our corporate actions data, and the addition of processing based on the ISO 15022 standard helps bring a new level of automation to the market. And now that we've expanded our longstanding partnership to offer SIX Financial Information's best-of-breed security cross-reference capability, our mutual customers will be able to experience greater transparency and a more comprehensive view of risk exposure than ever before. XSP is an excellent partner, and together we are committed to meeting our industry's exacting requirements with innovative solutions and services. We look forward to taking our already successful relationship to even greater levels."
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, commented, "Today's market is driven by innovation, agility and scalability. With this expanded partnership, we are bringing together our leadership in the automated Corporate Actions space with SIX Financial Information's award-winning reference data capabilities. For clients that prefer to automate their processing via a SaaS environment, they can instantly and inexpensively manage this data via our XSPrisa solution. By strengthening our relationship with SIX Financial Information, we are providing our global clients with access to some of the most sophisticated and timely information available, empowering them to mitigate risk and make accurate, informed decisions."
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 STP. A Microsoft Gold Certified Partner, the XSP v5 platform is built around a Service-Oriented Architecture (SOA) and utilizes a number of Microsoft technologies to achieve global, enterprise-wide processing. The new eTRAN+ module is developed on the XSP GO!™ framework to provide clients with a customizable user interface to manage Web-based Corporate Actions notification and response processing.