Agreement Provides Global Institutional Clients with Complementary Recovery Services
BOSTON, MASS. (July 31, 2012) – Financial Recovery Technologies LLC (FRT), the leader in class action settlement recovery, today announced a partnership with SIX Financial Information USA, a subsidiary of Swiss-based SIX Financial Information. As part of the agreement, SIX Financial Information will make FRT’s best-in-class claim filing services available to its clients and the investment community through its extensive sales and marketing channels. Utilizing proprietary technology and processes backed by state-of-the-art data security, the FRT process identifies eligibility, files claims, and collects more funds than an investor can typically recover on their own.
FRT’s services complement SIX Financial Information’s award-winning corporate actions service which provides institutional investors, financial media outlets and other financial services providers with critical financial and event information that might affect their investment portfolio. SIX Financial Information is a three-time winner of the international Inside Reference Data Award for best corporate actions provider, offering the world’s only fully structured and encoded financial data feed with information on over 10 million financial instruments.
“Our customers are increasingly looking to SIX Financial Information for innovative solutions to help them be more efficient in today’s rapidly evolving financial markets,” said Barry Raskin, managing director of SIX Financial Information USA. “FRT has a proven expertise at maximizing settlement recovery for investors, and this partnership is another step in delivering on our commitment to provide greater value to our clients.”
“We are pleased to be recognized by SIX Financial Information for our leadership in the field of class action settlement recovery,” said Robert I. Adler, president of FRT. “FRT’s solutions are a natural complement to SIX Financial Information’s comprehensive corporate actions service, and we’re excited to introduce our services to their global client base.”
About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies LLC is a technology-based services firm that helps investors collect funds made available in securities class action settlements. The firm offers expertise in eligibility analysis, claims filing, disbursement auditing and client reporting. Financial Recovery Technologies provides a proprietary turnkey solution that allows its clients to fulfill their fiduciary responsibilities with transparency and accuracy. Financial Recovery Technologies is a Cross Country Group company (www.crosscountrygroup.com). For more information, go to www.frtservices.com.
About SIX Financial Information
SIX Financial Information is a leading global provider of first-rate data services and solutions for financial and insurance firms, corporations and the media. SIX Financial Information aggregates data, directly and in real-time, from over 1000 worldwide sources, covering the all the major trading venues. Its financial information comprises reference data, corporate actions, pricing and market data for over 10 million securities and is unique in terms of information depth, breadth and structure. Financial news and customized solutions complement the offering. With offices in 24 countries SIX Financial Information combines the advantages of local presence with global reach to offer a comprehensive data portfolio along with industry knowledge for professionals specialized in investment advisory, portfolio management, financial analysis and securities administration.
SIX Financial Information is part of SIX. On a global scale, SIX offers first-rate services in the areas of securities trading, clearing and settlement, as well as financial market information and payment transactions. Further information is available at www.six-financial-information.com.