Download Leading Asset Management Firm Chooses Fidelity ActionsXchange

Leading Asset Management Firm Chooses
Fidelity ActionsXchange for Corporate Actions Solutions
Boston, MA -- Fidelity ActionsXchange, a leading provider of global corporate
actions solutions, today announced that a worldwide investment management
firm with more than $650 billion in assets under management has signed an
agreement to receive validated global corporate actions data through its
ActionService product.
The client identified inefficiencies within its operations and sought a solution that
could help to further automate its corporate actions processes. A trial of Fidelity
ActionsXchange’s data served to underscore its reputation for high quality,
accurate and timely global corporate actions information.
“We are thrilled to welcome another world-class organization as a client. With
both its front and back office relying on corporate actions information, receiving
multi-sourced validated data from one just vendor was a top priority for our
client,” said Christopher Madigan, vice president and head of global sales and
marketing. “We are pleased that we will be able to help the organization further
streamline its processes and reduce risk in its corporate actions function by
providing consistent information that can be used enterprise-wide.”
Recently named Best Corporate Actions Solutions Provider by Waters Magazine,
ActionsXchange continues to see a rise in demand for its corporate action
solutions and, to date has successfully completed more than 50 client
implementations.
“Trials of our ActionService product are up 42% year over year. Given the current
economic environment, we’re seeing firms focus more closely on risk
82 Devonshire Street ZE7F
Boston, MA 02109
T: 617.392.2900 F: 617.692.1077
www.actionsxchange.com
management. As a part of that, corporate actions are an area of significant risk
and clearly financial firms are taking steps to address this,” continued Madigan.
ActionsXchange’s ActionService product takes in multiple corporate actions data
sources and, through built-in intelligence, detects and reconciles routine data
discrepancies. For voluntary and complex corporate actions that require manual
intervention, a team of experienced ActionsXchange analysts compares data,
resolves conflicts and augments information ensuring that the client is receiving
accurate, up-to-date information.
About Fidelity ActionsXchange
Fidelity ActionsXchange is the trusted provider of global corporate actions
solutions for many of the world’s top asset managers, broker-dealers and hedge
funds. Leveraging more than 10 years of experience, ActionsXchange works
closely with its clients to understand their unique business needs and address
their most complex challenges. ActionsXchange’s innovative solutions combine
unparalleled expertise, cutting-edge technology and the most timely and accurate
financial information to help clients reduce risk, increase operational efficiencies
and manage costs while adding powerful intelligence to their investment
decisions.
To learn more about its products and services, contact Chris Madigan at (617)
563-5360 or visit www.actionsxchange.com.
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82 Devonshire Street ZE7F
Boston, MA 02109
T: 617.392.2900 F: 617.692.1077
www.actionsxchange.com