Interactive Data Corporation, a leading provider of global pricing, reference and corporate actions data, today announced the availability of its global corporate actions data via XSPrisa, XSP's software as a service (SaaS) offering for automating corporate actions processing.
Interactive Data provides comprehensive global coverage of corporate actions, with in-depth data for over 70 event types covering approximately 90,000 companies operating in more than 100 countries. This data, which is available at the start of the day and on an intra-day basis in standardized XML and ISO 15022 format, can be integrated into financial systems and applications.
The combination of Interactive Data's content and the XSPrisa offering can help financial institutions obtain on-demand access to global corporate actions data and streamline integration of this data into their technology platforms.
"Corporate actions data continues to increase in volume and complexity, which presents financial institutions with a wide range of enterprise-wide challenges related to trading operations and management of risk," said Robin Simpson, managing director, Reference Data for Interactive Data. "The availability of our global corporate actions data through XSP's cloud-based solution is an extension of our longstanding relationship with XSP."
Interactive Data has decades of experience in gathering, updating, validating and delivering corporate actions data, covering multiple markets and instrument types. The Company's global Corporate Actions Service is part of its global reference data offerings, which span more than 10 million current and historical financial instruments.
Brendan P. Farrell, Jr., Chief Executive Officer at XSP, said, "XSPrisa's ability to help reduce costs with a fast, simplified deployment provides the ease and flexibility needed to automate the capture and processing of information from global data leaders like Interactive Data. Providing Interactive Data's corporate actions data through XSPrisa offers the financial community an innovative integrated solution to streamline corporate actions processing. The growing volume and complexity of these events demand flexible and innovative technology solutions. We look forwarrward to further strengthening our long-standing relationship with Interactive Data and helping the financial industry control operational risks and costs."
Through its alliance program, Interactive Data has relationships with more than 500 software application vendors, service providers and media portals that have access to a broad range of its data, analytics and related services.