Reuters Datascope Pricing & Reference Data Teams Up With Xcitek’s XSP™ To Deliver Automated Corporate Actions
30 January 2006, New York - Reuters (LSE: RTR.L, NASDAQ: RTRSY) today announced that Reuters DataScope Pricing & Reference Data, its complete back office solution for historical and reference data, has teamed up with Xcitek, a leading provider of market data, corporate actions software and staffing solutions, to deliver automated corporate actions data via XSP™.
Reuters DataScope Pricing & Reference Data’s comprehensive, SWIFT ISO15022-compliant corporate actions data is now available via Xcitek’s XSP - a powerful, rules based, data-scrubbing engine with built-in exception handling capabilities for end-to-end corporate actions processing.
Caroline O’Shaughnessy, Head of Third Party Alliances for Reuters DataScope, said: “Reuters DataScope Pricing & Reference Data has made a priority of, and is making a significant ongoing investment in, corporate actions data, and the alliance with Xcitek further strengthens our delivery options - to both the buy and sell sides.”
Brendan P. Farrell, Jr., Managing Partner at Xcitek, said: “XSP clients now have access to Reuters DataScope Pricing & Reference Data’s comprehensive ISO15022 standard corporate actions data. This enhances our extensive offering of distinct data sources available via our robust solution, in order to meet the needs of each individual client. This alliance gives clients further scope to improve STP and conforms to the best practices defined by the Securities Market Practice Group (SMPG) for corporate actions processing.”
Sponsored by SWIFT, ISO15022 is fast becoming the predominant messaging format for corporate actions worldwide. Reuters released its ISO15022 feed, which was tested and approved by SWIFT, in September; as its first step in a move to dramatically increase coverage of the corporate actions market.
About Reuters DataScope:
Reuters DataScope Pricing & Reference Data is a total solution for historical and reference data needs. It offers comprehensive and accurate equities, fixed income, money markets, and futures data with a choice of delivery options from web-based to an on-site relational database. Reuters DataScope Pricing & Reference Data offers equity end of day prices and corporate actions from more than 180 exchanges; and spot rates on 175 currencies, cross and forward rates, futures and options. Reuters DataScope Pricing and Reference Data includes unrivalled global bond coverage from Reuters and quality US taxable fixed-income security coverage from the EJV database, resulting from the partnership of the world’s top brokers/dealers.
Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 91 countries, including staff from the acquisition of Moneyline Telerate in June 2005. It also includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world’s largest international multimedia news agency. In the 2004 Reuters Group revenues, including those of Instinet Group, were £2.9 billion. From July 2005, Instinet Group is being treated as a discontinued operation in the profit and loss account.
Reuters and the sphere logo are the trade-marks of the Reuters group of companies.
Xcitek is the global leader in market data, corporate actions software, and staffing solutions to the financial community.
Accredited with the SWIFTReady Corporate Actions Label, XSP is ISO15022 compliant and features an extensive workflow module, robust data scrubbing tools, web and ISO messaging for client notification and response capture (eTRAN™), and complete entitlement processing to manage the entire corporate actions lifecycle - thereby reducing risk and maximizing operational efficiency. With over 50 licensed clients, XSP™ is the most widely-implemented corporate actions system in the world.
Xcitek’s market data offerings include corporate actions, cost basis, class actions, securities payments, and other financial data, serving over 2,000 clients worldwide. Ranked #1 for ten consecutive years by The Summit Group, Xcitek has led all other providers in its categories in such areas as data accuracy, data timeliness, coverage, and delivery reliability. User-friendly, flexible, and affordable, Xcitek’s web-based solutions deliver time-sensitive and critical information straight to the desktop.
Xcitek’s consulting and staffing group provides financial institutions with highly skilled professionals for temporary and permanent placement in operations, outsourcing, project management and systems conversion.
- Contact Information
- Melanie Wold
- Reuters (Boston)
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