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Telekurs and XcitekSolutionsPlus test ISO 15022 corporate actions feed

11 October 2004  |  610 views  |  0 Source: XcitekSolutionsPlus

Telekurs (USA) Inc. and XcitekSolutionsPlus are pleased to announce the expansion of their five-year relationship through the integration of the Telekurs Valordata feed (VDF). The ISO 15022 format of this global corporate actions data feed will be featured at the Sibos 2004 conference in Atlanta, GA from October 11-15.

XSP™, the XcitekSolutionsPlus software solution for corporate actions processing, captures and sanitizes Telekurs corporate actions data to initiate the downstream process. Through XSP’s robust workflow tools, tasks are automatically routed to designated parties to handle the required action associated with the corporate event.

This initiative confirms the increased market activity and continued interest in the realization of straight through processing that is enhanced by the utilization of the ISO 15022 standard.

Barry Raskin, president of Telekurs (USA), said: "This testing reflects our commitment to the ISO 15022 standard. Telekurs is an early adopter via SWIFT and is actively promoting standardization for corporate actions and reference data. Our existing relationship with XcitekSolutionsPlus offers a reliable, fully automated method of processing corporate actions data as defined by ISO 15022."

Telekurs, a global provider of streaming and back office market data solutions, recently began direct sale and distribution of its Valordata FeedTM (VDF) to financial institutions in the Americas. VDF is regarded as an especially rich source of domestic and international securities master data and corporate actions information, providing information and valuation prices for more than 2 million financial instruments. Telekurs VDF data is sourced and analyzed at the company’s data centers in 14 countries to provide unrivaled depth and coverage of global markets.

Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus said: "Telekurs delivers its data fully structured, encoded and ISO 15022 compliant and XSP offers unparalleled corporate actions processing functionality. XcitekSolutionsPlus continues to partner with global leaders in the corporate actions arena to offer the industry’s most robust corporate actions solutions."

XSP was recently awarded the Gold Label Accreditation in the CityCompass B.I.S.S. Corporate Actions Systems & Information Services benchmarking analysis in all industry sectors. This ISO 15022 compliant solution features comprehensive data scrubbing tools, robust workflow management modules, web and ISO messaging for client notification and response capture, and complete entitlement processing. XSP also offers the ability to track event notifications through its web-based module, eTRAN™, by generating notifications to intermediaries for desired elections. Instructions are automatically updated to the back-end system for reconciliation and entitlement processing.

Both firms will be represented at Sibos 2004 in Atlanta. Visit Telekurs at stand K201 and XcitekSolutionsPlus at stand A013 to learn more about this dynamic offiering.

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