JPMorgan Securities has gone live with XcitekSolutionsPlus' corporate actions automation software, XSP, at its offices in Australia.
JPMorgan Securities also uses XSP at its London and Hong Kong offices.
James Goldring, vice president, corporate actions, JPMorgan Securities, says the firm can now electronically process corporate actions across its Hong Kong, London and Australia operations from one consolidated database.
"Our processing volume has increased by 204 per cent with a less than one per cent increase in overhead," he says.