This Hedge Fund has licensed the XSP v5 solution for automated global Corporate Actions processing. The new client will be implementing the XSP Data Management & Scrubbing module, XSP Web-based eTRAN module for automated notifications, response capture and elections processing, XSP ISO Messaging and XSP Standing Instructions to streamline its Corporate Actions operations.

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 service-oriented architecture (SOA), utilizing 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 (STP).

Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, "We are delighted to welcome another prestigious Hedge Fund client that is dedicated to providing innovative solutions to the financial community. The industry demands solutions that automate and streamline the highly-complex processing of Corporate Actions while closely monitoring risk exposure. At XSP we believe in delivering solutions that provide superior functionality combined with first-class customer service and cutting-edge technology. We look forward to helping this top Hedge Fund excel in its strategic goals."

This Hedge Fund is a forward-thinking organization that considers technology not only an integral part of its strategy but a corporate function and general way of life. Through XSP's product, this Hedge Fund will benefit from a high availability platform, associated database backend and the use of virtual technologies to ensure transaction integrity.rity. In addition, the Hedge Fund will have the ability to take advantage of XSP's modular, flexible and configurable design which offers its clientele a powerful platform to streamline Corporate Actions processing.