On 21 Aug 2008 in RDR-Corporate Actions, Reference Data Review 
Swift’s corporate actions message testing service, launched in April this year, has gained significant backing from the custodian community, says Max Mansur, senior product and markets manager at Swift. The Simulation Test and Qualification Service (STaQS) allows Swift’s customers to see how their usage of corporate action messages compares to market practice guidelines established by global and local business standards groups. According to Mansur, a number of custodians have indicated that they will be cascading the service down to their sub-custody networks.
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On 14 Aug 2008 in RDR-Corporate Actions, RDR-Industry Identifier, Reference Data Review
Fidelity ActionsXchange has appointed Laura Pollard as executive vice president and head of the company. Pollard will report to Larry Renfro, president of Fidelity Developing Businesses, a new division that comprises a number of growing businesses and strategic initiatives for the corporate actions processing vendor.
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On 30 Jul 2008 in MM-The Corporation, MiFIDMonitor.com, RDR-Corporate Actions, Reference Data Review
Wolters Kluwer Financial Services has purchased Compliance Online, an online compliance information provider focused on regulatory information, analysis, news and value-added commentary for the UK’s financial services market.
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On 22 Jul 2008 in RDR-Corporate Actions, Reference Data Review
SIS SegaInterSettle has released plans automate the messages it receives from issuers and to introduce a record date for corporate actions in the Swiss market by November next year. The plans are part of a wider project launched by Swiss Financial Market Services (SFMS) to promote automation in the domestic securities industry.
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On 17 Jul 2008 in RDR-Corporate Actions, Reference Data Review
Following the announcement last month that the Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting, the Depository Trust & Clearing Corporation (DTCC) has released plans to spearhead a campaign for semantic interoperability between XBRL and ISO message types for corporate actions.
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On 01 Jul 2008 in RDR-Corporate Actions, Reference Data Review
An unnamed global broker dealer based in New York has licensed the XSP v5 platform for global corporate actions processing and is also in the process of rolling out the corporate actions software provider’s web-based eTRAN (Electronic Tracking Response and Notifications) and XSP ISO messaging modules for automated notification, response capture and elections processing.
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On 27 Jun 2008 in RDR-Corporate Actions, Reference Data Review
City Networks has signed a partnership agreement with XSP to offer an integrated corporate actions, reconciliation and exception management solution. Under the new agreement, both City Networks and XSP will provide an integrated corporate actions and reconciliation solution to the financial market.
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On 20 Jun 2008 in RDR-Client Implementations, RDR-Corporate Actions, RDR-News in Brief, Reference Data Review
The US subsidiary of Dutch asset manager APG Algemene Pensioen Groep NV, APG Investments US Inc, has signed up for US domestic fixed income corporate actions information from Fidelity ActionsXchange, via its ActionService product. APG Investments US Inc is the wholly owned subsidiary of APG Algemene Pensioen Groep NV, which provides asset management services to Dutch-based Stichting Pensioenfonds ABP. ActionService, which competes in the corporate actions processing market with the DTCC’s Global Corporate Actions Validation Service, takes in multiple corporate action data sources and detects and reconciles routine data discrepancies. This client win, follows a successful year for the vendor in 2007, during which it increased its number of clients by 32%.
On 20 Jun 2008 in RDR-Corporate Actions, RDR-News in Brief, RDR-The Corporation, Reference Data Review
Paul Fullam, principal consultant at XSP, has been appointed as a co-chair of the ISITC Corporate Actions Working Group. In this position, he will collaborate with the group’s members to review ISO 15022 standards and direct enhancements to message content that promote the straight-through processing of corporate actions. Fullam has been an active participant of the ISITC Corporate Actions Working Group since 2005. At XSP, he is responsible for ensuring product compliance with global securities market practice group (SMPG) best practices in corporate actions processing and serves as a liaison with industry associations.
On 03 Jun 2008 in A-Team Free, Delivery Terms, RDR-Corporate Actions, Reference Data Review 
The US subsidiary of Dutch asset manager APG Algemene Pensioen Groep NV, APG Investments US Inc, has signed up for US domestic fixed income corporate actions information from Fidelity ActionsXchange, via its ActionService product.
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On 02 Jun 2008 in RDR-Corporate Actions, Reference Data Review
Paul Fullam, principal consultant at XSP, has been appointed as a co-chair of the ISITC Corporate Actions Working Group. In this position he will collaborate with the group’s members to review ISO 15022 standards and direct enhancements to message content that promote the straight-through processing of corporate actions. Fullam has been an active participant of the ISITC Corporate Actions Working Group since 2005.
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On 14 May 2008 in RDR-Corporate Actions, Reference Data Review
Interactive Data has launched its class actions service mapped to the ISO 15022 format as an optional module of FTS, Interactive Data’s securities administration tool. The service is part of the vendor’s Pricing and Reference Data business and is designed to help institutions track, monitor and recover funds resulting from securities class action litigation
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On 07 May 2008 in RDR-Corporate Actions, RDR-News in Brief, Reference Data Review
XSP has achieved gold certified partner status, the highest level of competence, in Microsoft’s Partner Program. The corporate actions vendor became a Microsoft certified partner at the end of September last year and has now progressed to gold status.
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On 01 May 2008 in RDR-Corporate Actions, Reference Data Review
Interactive Data Pricing and Reference Data’s intra-day corporate actions data is now available through XSP’s software platform. The service covers more than 40 corporate actions event types, including mergers, tender offers, exchanges and rights offerings for US and Canadian listed/traded securities.
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On 25 Apr 2008 in RDR-Corporate Actions, Reference Data Review
NYSE Euronext’s Liffe derivatives exchange is to broaden the range of consensus dividend forecasts from Markit it uses in its indicative options pricing model and in Bclear, its trade confirmation, administration and clearing service for wholesale equity derivatives.
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On 03 Mar 2008 in RDR-Corporate Actions, Reference Data Review
Exchange Data International (EDI), provider of reference and corporate actions data, has integrated Unit Trust dividend information into its UK Dividend feed. Available as an additional set of the UK Dividend feed or on its own, the Unit Trust Dividend feed gives access to information like Group 1 and Group 2 distributions and equalisation rates required for the calculation of dividend income. In addition to this data, the new feed includes payment frequency details, pay date, ex and record dates, unit type and more important tax treatment data. EDI is currently developing its UK corporate actions service to extend its coverage to corporate actions of Unit Trusts and OEICs (ReferenceDataReview.com, February 2008).
On 21 Feb 2008 in RDR-Corporate Actions, RDR-News in Brief, Reference Data Review
Exchange Data International (EDI), a specialist in the aggregation of reference and corporate actions data, has integrated structured products into its corporate actions database and Security Reference File services. Thus far EDI has integrated the following instruments into its database: Close Ended Funds, Investment/Income Trusts or Listed Investment Companies, Exchange Traded Funds, Principal Protected Notes, Real Estate Investment Trusts, Split Capital Trust or Split Share Corporation and Stapled Securities.
On 15 Feb 2008 in RDR-Corporate Actions, Reference Data Review
B.I.S.S. Research, which provides benchmarking of services and systems in the financial services sector, has launched four new awards for the best corporate actions systems for broker/dealers, asset managers, custodians and overall sector winner. The awards will run in parallel to the existing B.I.S.S. Accreditation process for corporate actions systems. Gary Wright, CEO, B.I.S.S. Research, says: “Over the many years of benchmarking corporate actions systems we have collated a huge data bank of information that details the true capability of the vendors’ systems. All corporate actions vendors that have entered their systems into the benchmarking in the past have been automatically included into this unique assessment and will therefore have an opportunity to win an award. The award will be announced after the 2008 Benchmarking results.”
On 04 Feb 2008 in RDR-Corporate Actions, Reference Data Review
Exchange Data International (EDI), specialist in the aggregation of reference and corporate actions data, has integrated structured products into its Worldwide Corporate Actions database. This is the latest addition made by EDI to its services since electing to go head to head with London Stock Exchange by sourcing its own corporate actions data (Reference Data Review, March 2007).
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On 21 Jan 2008 in RDR-Corporate Actions, Reference Data Review
Reuters has added an enhancement to Reuters DataScope Select which will see its corporate actions data updated hourly, rather than once a day. Users will be able to monitor portfolios more actively by choosing how often they receive updates and paying according to the quantity of data they use, Reuters says.
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