JPMorgan Securities signs for DTCC corporation actions service

JP Morgan Securities has signed up to The Depository Trust & Clearing Corporation's (DTCC) global corporate action (GCA) validation service.

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JPMorgan Securities signs for DTCC corporation actions service

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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.

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