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FTSE Group Deploys XSP™ v5 Corporate Actions Platform in Hong Kong

Index Provider Implements Global Corporate Actions Software Spanning Across Three Continents

FOR IMMEDIATE RELEASE

PRLog (Press Release) - Oct 28, 2009 -
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 global clients’ complex businesses.”

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XSP is the leading provider of Corporate Actions 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. With 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 Microsoft Competencies in ISV/Software Solutions and Security Solutions. The Company has also been awarded Inside Reference Data’s 2009 ‘Best Reference Data Initiative’ award for Corporate Actions in a live client implementation, ranked in first place as the Top Software Vendor in Waters Ranking 2009 for ‘Best Corporate Actions Solution’; and achieved Microsoft Front Runner status for Windows 7 and Windows Server 2008 R2, demonstrating XSP's ability to support clients on the latest Microsoft technologies.

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Contact Email:
***@xsp.com Email Verified
Source:XcitekSolutionsPlus, LLC (XSP)
Phone:646-300-6803
Fax:646-839-9398
Address:5 Hanover Square
:20th Floor
Zip:10004
City/Town:New York City
State/Province:New York
Country:United States
Industry:Finance, Software, Technology
Tags:, , , , , , index provider
Last Updated:Oct 28, 2009
Shortcut:http://prlog.org/10391864
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