Six corporate actions prototype aims to slash data delivery time
If the prototype is put into production, delivery of corporate actions data for dividends could be reduced from up to 24 hours to 15 to 30 minutes.
Data vendor Six is working on a prototype to mine data on US dividends. The prototype reads and filters out press releases on dividends from news feeds Six consumes, and transforms the text messages into a structured record that can be processed electronically.
Dominique Tanner, head of content management at Six Financial Information, says if the prototype goes live—which Tanner estimates could happen in about a year—customers will save time by not having to wait until the corresponding
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