Japanese-owned broker Daiwa Securities America has licensed XcitekSolutionsPlus' XSP software to manage its corporate actions processing.
The vendor says XSP allows users to manage corporate actions processes and monitor exceptions by providing data capture, event notification, response tracking and processing of entitlements.
Under the agreement, Xcitek will also supply Daiwa Securities America with its corporate actions data.
Nicholas Rubino, senior vice president and director of operations, Daiwa Securities America, says: "As we expand our business into new areas, it became clear that we needed to enhance our corporate action reporting processes. We are constantly upgrading and improving our IT infrastructure and decided the XSP application provides the best platform to support our strategic goals."