Saxo Bank to Automate Corporate Actions Processing

COPENHAGEN-Online trading platform Saxo Bank has bought SmartStream Technologies' corporate actions solution as part of an overhaul of the bank's back-office systems. Copenhagen-based Saxo, which previously relied on manual processing, will automate event processing with the SmartStream TML Corporate Actions application and a reference data feed from Interactive Data.

Following rapid growth and an increase in cross-border activity, Saxo Bank has experienced a rising volume of events, with sca