SunGard integrates XSP corporate actions platform

SunGard has integrated XSP's global corporate actions software with its (SunGard's) Phase3 multi- asset, multi-currency securities processing platform in a SunGard-hosted ASP environment. SunGard will provide customers with web-based access to the XSP v5 corporate actions platform. According to SunGard, the integration with Phase3 will improve STP and help reduce the cost and complexity of global corporate actions processing.