Knight Selects Fidelity ActionsXchange to Provide Corporate Actions Intelligence
Knight Clearing Services, a subsidiary of Knight Capital Group, has selected Fidelity ActionsXchange’s ActionService platform to provide corporate actions information, such as corporate reorganisations, restructuring and mergers, to support the firm’s equity trading operation.
Knight Clearing Services operates as a self-clearing broker-dealer that provides settlement and clearance services for its affiliated broker-dealers and includes the Knight Equity Finance team serving broker-dealers and custodian banks with consistent, high-quality securities lending and stock loan expertise.
“The need for timely, accurate corporate actions information is critical to helping us effectively meet the sophisticated needs of our clients,” said Christopher Pento, managing director and head of Knight Clearing Services. “Through Fidelity ActionsXchange, we are getting access not just to data, but information that has been analysed and validated to ensure its accuracy – allowing us to respond faster to our clients’ needs.”