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FTSE Group deploys XSP corporate actions platform in Hong Kong

28 October 2009  |  2521 views  |  0 Source: XSP

XSP, the leading global provider of Corporate Actions software, announced today that FTSE Group, a world leader in the creation and management of indices, has extended the benefits of the XSP v5 Corporate Actions software to its Asia-Pacific operations in Hong Kong.

In addition to its live deployment in Hong Kong, FTSE has also been in live production on the XSP v5 platform in London and New York since 2008.

The XSP v5 platform is XSP's 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 multi-tenant, service-oriented architecture (SOA), utilising Microsoft .NET components and Web Services for global enterprise-wide processing. 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 straight-through processing.

Mark Gleeson, Operations Director at FTSE Group, said, "We are delighted to be in live production environments on the XSP v5 Corporate Actions platform in Europe, North America and now Asia. With the increasing visibility of Corporate Actions events in Asia, it is critical that we further maximise productivity levels and processing efficiencies by integrating the XSP v5 platform into FTSE's Asian operations to ensure continuous return on investment."

Neil Sheppard, Managing Director and Chief Operating Officer of EMEA at XSP said, "With the XSP v5 software running in live production at FTSE's London and New York offices, it makes sense for them to extend this single, enterprise-wide platform to their Hong Kong operations. The extension proves the true scalability and flexibility of the XSP solution in managing the growing volume and complexities associated with global Corporate Actions processing. This implementation, within yet another Asian operation, further builds upon the success of our global reach into the Asia-Pacific markets. We look forward to continue to provide proven and reliable solutions that meet the unique requirements of our globall clients' complex businesses."

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