4. Corporate actions:
What is to be done?
After years of making-do with the short-comings of their operating models, investors are now leading the industry in the level of transformation that they are driving in the corporate actions space.
With 81% of investors running funded, change projects in 2022 and 2023, the buy-side is clearly acting right now to mitigate and remove the risks that have become so acute to date.
Investors lead the way
Our recent research shows that investors are now the most active industry segment in driving corporate action transformation - with four-fifths of all participants now running funded change projects in this space.
That this level of activity is nearly 20% higher than in the sell-side (and nearly 30% higher than amongst exchanges and CSDs) is evidence that investors can no longer carry the risk of being at the end of a long, slow and error-prone event waterfall.
Leading the change projects is the use of additional, direct data feeds (i.e. from Exchanges or CSDs) to supplement and secure existing data sources. With 36% of investors now turning to these direct feeds for improved timeliness, accuracy and standardisation, there is a clear desire to reduce risk by aligning data sources with the original disseminator of event notifications.