Fidelity ActionsXchange, which receives corporate actions data from multiple sources, will provider the information through its ActionService product.
Jeff Martin, president of financial services of Automated Trading Desk (ATD), said: In Fidelity ActionsXchange, we have found a business partner who truly understands our organization and objectives. By receiving cleansed consolidated corporate actions through the ActionsXchange data feed, we will be able to ensure consistency of data across the entire organization. This will help to streamline our business processes and move information across the organization more rapidly.
Christopher Madigan, vice president of global sales and marketing of Fidelity ActionsXchange, said: ATD has built its business on developing and utilizing cutting-edge trading technology. With an emphasis on same day trading, reliability and timeliness are critical to the success of ATD brokerage group’s business model. We are delighted that ATD has chosen ActionsXchange’s corporate actions processing solutions to help them realize greater efficiencies and further optimize their operations.
