Hedge Fund Interest Prompts ActionsXchange Platform Update

OPERATIONS

Fidelity ActionsXchange, the corporate actions data subsidiary of US investment giant Fidelity, is changing the hardware behind its corporate actions distribution platform to boost throughput. The move is in response to increasing demand for data from hedge funds.

Dave Birdsall, president of the Boston-based vendor, says the company is seeing more interest from hedge fund front offices, in addition to its traditional market of institutions’ back offices. Feedback from such trials has resulted

To continue reading...