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Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf. The subject line of the e-mail you send will be "Fidelity.com: " Fidelity ActionsXchange® Adds Notification And Response Event Management Module To Corporate Actions Product SuiteIntegration of ACTIONRESPONSEsm Creates Automated, End-to-End Enrichment, Validation and Notification Solution to Help Clients Mitigate Financial RiskBOSTON -- Fidelity ActionsXchange®, a leading provider of global corporate actions and related event solutions, today announced that it has added a new Web-based notification and response offering -- ActioNResponsesm -- to its suite of data enrichment, validation and communication solutions.Customizable to each client’s preference, ActioNResponse is a unique workflow platform that supports a fully automated, end-to-end solution for the processing and delivery of timely and accurate corporate actions information. This innovation helps Fidelity ActionsXchange customers, including broker-dealers, asset management firms, hedge funds and global custodians improve overall efficiency by replacing what has traditionally been a manual and fragmented process with a comprehensive and fully automated solution. ActioNResponse is designed to reduce the associated burden of risk and costs, and allows customers to completely manage corporate action information and communication throughout the full lifecycle. “This new notification and confirmation component – combined with our full spectrum of multi-sourced corporate actions announcement capture and validation offerings -- represents an innovative, holistic corporate actions solution for the organizations we serve,” said Laura J. Pollard, executive vice president and head of Fidelity ActionsXchange. “The automated confirmation and acknowledgment capability -- in particular -- effectively completes the entire corporate actions management process and will help the organizations we serve to mitigate risk, improve efficiencies and reduce costs.” Complete Repository of Information As a workflow platform, ActioNResponse creates a complete and continuous repository of notification and response information that enables portfolio managers and operations staff to gain complete transparency into the corporate action process in real time, with configurable views and reporting, tailored to match the company’s preferences. With the flexibility to support SWIFT (the industry standard format for event data), as well as fax, email and other client-specific data formats, ActioNResponse automatically creates the notification event for all eligible corporate action types. Notification is then released to portfolio managers, delegates and other interested parties at broker-dealers, asset management firms, hedge funds and global custodians via configurable views. Users enter responses indicating elections and utilize a set of work list tools tailored to their preferences. Custodian instructions are created, validated and efficiently transmitted and a record of the confirmation of receipt is recorded. Other system features include:
“As the complexity of corporate action events continue to increase, the market is demanding a deeper level of coverage and support to manage the associated risks, something only a complete, multi-source data validation and notification solution can provide,” said Pollard. About Fidelity ActionsXchange Fidelity ActionsXchange is a pioneer of custom solutions for validation, interpretation and guidance surrounding complex global corporate action and related market events. The combined power of highly skilled analysts, proprietary and commercial data sources, and configurable technology delivers intelligent, timely information and guidance necessary to mitigate risk, reduce costs, and improve customer satisfaction. Fidelity ActionsXchange supports more than 4 million equities, fixed income and structured securities subject to continuous monitoring across more than 150 global markets. For more information, visit www.actionsxchange.com. About Fidelity Investments Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.4 trillion, including managed assets of $1.5 trillion, as of October 31, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com. Fidelity, Fidelity Investments, ActionsXchange, ActionCompare, ActionService and ActioNResponse are registered service marks of FMR LLC. |
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