Fidelity Releases A Program That Automates Processing Of Corporate Actions

MARKET DATABASE

This week, Fidelity Management & Research Corp. released a software package that automates the processing of corporate actions. Called ActionSource, the program is the second shrink-wrapped application the year-old Fidelity Technologies group is selling to other financial firms. But this package was developed in house, unlike ATS, a trust banking program Fidelity acquired last year from Broadway & Seymour Inc.

The software packages are part of the stepped-up effort begun last year to generate

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