Southwest Securities has signed with XSP for automated corporate actions processing. In addition to the XSP Data Management module, the company will also roll out the web-based eTRAN (standing for Electronic Tracking Response and Notifications) module for automated notification, response capture and elections processing.
The XSP v5 platform has been developed by the company 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 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 has been designed to offer feature-rich functionality to mitigate operational risks and costs for end-to-end straight-through processing.