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 gone live with the XSP™ v5 Corporate Actions platform in New York. FTSE has been live on the XSP v5 product in London since the second quarter of 2008.
The XSP v5 platform is a state-of-the-
Chris Broad, Chief Operating Officer at FTSE Group said, “We are delighted to be live on the XSP v5 Corporate Actions platform at our U.S. operation as well as in Europe. FTSE set an initiative to implement an automated STP environment for the management of Corporate Action events applied to FTSE indices. The XSP v5 solution allows us to deliver this information to our worldwide clients in a timely manner. We continually seek to improve our performance and productivity whilst enhancing client services through technological improvement. The XSP v5 solution helps us fulfil these goals and we continue to work closely with XSP as we further expand deployment into the Asian markets.”
Neil Sheppard, Managing Director and Chief Operating Officer, EMEA at XSP, commented, “We are excited about the XSP v5 offering and delivering on our vision of providing global clients with market-leading functionality and cutting-edge technology. FTSE conducted a rigorous due diligence process which included technical workshops and proof of concept programmes prior to selecting the XSP v5 product. The success of this project is a true testament of our global support and capabilities. We look forward to continuing working closely with FTSE to meet their global Corporate Action requirements and further extend their licence to other parts of the world.”
Brendan P. Farrell, Jr., Chief Executive Officer, of XSP, said, “The XSP v5 solution is one of the most significant developments in our company’s history. Sophisticated players in the market, such as FTSE, need state-of-the-
About XSP
XSP is the leading provider of Corporate Actions automation software for the global financial services industry. Accredited with the SWIFTReady Corporate Actions Label, the XSP platform is SWIFT 15022 compliant and proven to mitigate the operational risks and costs associated with Corporate Actions processing. This leading-edge solution features an extensive workflow module and robust data management tools. XSP’s web-based eTRAN and ISO messaging modules automate the client notification and response capture and reconciliation of elections on complex Corporate Actions events. The XSP Entitlement Management module completes the Corporate Actions processing lifecycle for true end-to-end STP. With over 60 global clients, the XSP software is the most widely-implemented Corporate Actions solution in the world.
XSP is a Microsoft Gold Certified Partner and has achieved a Microsoft Competency in ISV/Software Solutions.
For more information, please visit us at www.xsp.com.
About FTSE Group (FTSE)
FTSE Group (FTSE) is a world-leader in the creation and management of over 120,000 equity, bond and alternative asset class indices. With offices in London, Frankfurt, Hong Kong, Beijing, Boston, Shanghai, Madrid, Paris, New York, San Francisco, Sydney and Tokyo, FTSE Group works with partners and clients in 77 countries worldwide.
FTSE indices are used extensively by a range of investors such as consultants, asset owners, fund managers, investment banks, stock exchanges and brokers. For more information, please visit www.ftse.com.
