JP Morgan Securities has signed up to The Depository Trust & Clearing Corporation's (DTCC) global corporate action (GCA) validation service.
Joseph Liguori, vice president, investment bank, JP Morgan Securities, says the existence of GCA data centres in Europe, Asia and North America, were important factors in the bank's decision: "The GCA validation service will enable us to simplify our operations globally giving us a single source for all corporate action announcements, eliminating manual, redundant processing."
Launched in 2003, the GCA validation service provides users with access to a centralised source of "scrubbed" information about corporate actions, including tender offers, conversions, stock splits, and nearly 100 other types of events for equities and fixed-income instruments traded in Europe, Asia-Pacific and the Americas.
The service is provided by DTCC's global asset solutions subsidiary.