Editor's Letter - Cleaning Up Corporate Actions
CORPORATE ACTIONS REPORTS
No, I don’t mean what Eliot Spitzer has been doing for the past several months, but what the industry has been doing to improve efficiency when it comes to handling corporate-actions data feeds. The industry recently went from an appalling state of affairs--where the best solution was having staff hand-cleanse the corporate actions data from custodians with a mixture of data feeds, faxes and phone calls--to a mildly painful one.
Third-party data aggregators, such as Fidelity ActionXchange and
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