XSP reports new contract

Source: XSP

XSP, the leading global provider of Corporate Actions software, announced today that a leading global broker dealer based in New York has licensed the XSP v5 platform for global Corporate Actions processing.

In addition to the XSP Data Management module, the company will also roll out the Web-based eTRAN (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for automated notification, response capture and elections processing.

The XSP v5 platform is XSP's latest state-of-the-art solution developed to automate each step in the processing of global Corporate Actions. 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), utilizing Microsoft .NET components and Web Services for global enterprise-wide processing. Accredited with the SWIFTReady Gold 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).

The client completed an extensive review of all available solutions in the marketplace and chose the XSP solution primarily because XSP was able to provide the most robust Corporate Actions solution with the required interface adaptors already developed and the modern technology architecture most compatible with the client's environment for both its current and future needs. Additionally, XSP's responsiveness throughout the due diligence review gave the client an indication of the high quality of service they would expect throughout the implementation process and over the years ahead. XSP client reference sites also provided impressive feedback, specifically with regards to implementation track record, ongoing support and software deployment.

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, "XSP recognizes the importance of developing a sense of partnership with our clients and providing them with world-class support before, during and after an implementation. We pride ourselves in fully understanding the unique needs of eachch of our clients and in delivering a platform solution that will maximize operational efficiencies. We welcome our latest client to XSP and look forward to enhancing this relationship even further over the coming years."

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