MARKIT ROLLS OUT XSP CORPORATE ACTIONS PLATFORM

Posted February 26, 2009

LONDON – Financial information services provider Markit has completed a rollout of the XSP v5 Corporate Actions platform from corporate actions software provider, in the London, New York and Singapore markets.

“The XSP platform enables us to automate some of the complex processes within our bespoke index calculation and management business,” says Paul Hodge, Managing Director of Equities at Markit. “By making our systems more scalable, we will be able to meet increased demand for our services.”

The XSP v5 platform automates each step in the processing of global corporate actions, from data and entitlement management to notification and response capture.

“Whilst traditional clients of corporate actions automation solutions are typically financial institutions, the success of this implementation demonstrates the versatility of the XSP v5 platform to a broad range of global market participants,” says Neil Sheppard, Managing Director and Chief Operating Officer, EMEA at XSP. “We look forward to continue working closely with Markit to help them achieve their goals of delivering solutions that reduce risks and improve operational efficiencies.”