American Century Investments is the first client to go live with JPMorgan Investor Services' new securities message management product, Message Express.
The outsourcing service is designed to connect financial institutions to multiple industry messaging utilities, including Swift, through a single gateway. The system offers integrated end-to-end, pre- and post-trade straight-through processing (STP) with multiple link capabilities. Users can use the service to view transaction states and information regarding settlement instructions and create reports.
Wayne McCoach, custody operations manager, American Century, says: "By using Message Express, American Century and its clients will benefit from greater operational efficiencies, reducing cost and risk."