by Steve Letzler
DTCC’s Global Corporate Actions (GCA) group was named Best Corporate Actions Solution Provider for 2011 by the readers of Waters magazine, a financial markets technology publication.
"GCA continually works to improve the accuracy and data flow of corporate action announcements, while reducing risks in this dynamic segment of the industry," said Daniel Thieke, DTCC vice president, Asset Services. "We’re delighted our customers have come out in full force to support and endorse our work and the ongoing innovations that our Global Corporate Actions Validation Service [GCA VS] brings to the industry. The fact that we have been named bestin- breed in corporate actions solutions once again, coupled with our expanding customer base, signals that our service provides the highest level of accuracy and timeliness in corporate actions."
The ninth annual Waters Rankings winners were selected through a survey of Waters' 10,000 subscribers. This year marks the third time GCA has won the award.
DTCC’s GCA VS tracks, validates and distributes corporate actions information on more than 2.5 million securities globally in more than 200 countries in more than 15 languages.
In 2010, the service provided more than 972,000 corporate action announcements and more than 9.5 million announcements on scheduled payments for fixed income securities to its clients. The service also handled about 125,000 announcements from 175 custodians to its clients on those securities. @