Source: Fidelity ActionsXchange
Fidelity ActionsXchange, a leading provider of corporate actions processing solutions, today announced that Natixis Bleichroeder, a New York-based investment bank specializing in the energy, commodities, health care and media sectors with offices across the U.S. and affiliates in London and Paris, signed an agreement for ActionsXchange to serve as its global corporate action data partner.
ActionsXchange will provide Natixis with "cleansed" domestic and international equity universe corporate action information such as stock splits, dividends, and mergers and acquisitions that can impact a public company's share price. Terms of the contract were not disclosed.
"As organizations strive to handle ever-increasing trading volumes, new industry standards and regulatory changes, more are looking to outsource non-core, but critical functions such as corporate actions processing," said Christopher Madigan, vice president of global sales and marketing, Fidelity ActionsXchange. "We are delighted to welcome Natixis Bleichroeder to our expanding client base. Natixis is a world-class organization known for providing its clients with outstanding global investment services."
Natixis said, "We chose Fidelity ActionsXchange based on the superior quality of its data. In using consistent data within our global trading group, as well as our operations and research departments, we expect to realize greater efficiencies and cost savings by significantly reducing the time-consuming, error-prone, manual process normally associated with corporate actions."