11 December 2017
visit www.avoka.com

JPMorgan releases trade matching engine for tri-party repo

21 April 2011  |  5963 views  |  0 Source: JPMorgan

J.P. Morgan Worldwide Securities Services announced today the launch of its Repo Trade Matching Engine.

This new functionality will enhance the operating model of the U.S. Tri-Party Repo market, in support of the May 2010 recommendations of the Tri-Party Repo Infrastructure Task Force sponsored by the Federal Reserve Bank of New York's private sector Payments Risk Committee.

The Repo Trade Matching Engine can take trade instructions via a variety of different messaging types from Tri-Party Repo Cash Lenders. These Lenders—including asset managers, pensions, and government institutions—will be able to view the matching status of their trades through J.P. Morgan's proprietary Repo Access platform. Tri-Party Repo Dealers will be able to view the matching status of their trades through J.P. Morgan's Broker Dealer Automated System (BDAS).

According to Mark Trivedi, J.P. Morgan Executive Director for Global Custody and Clearing, "This functionality is a key step towards improving market transparency, a primary area of focus for the Task Force. By introducing this functionality early, cash lenders in the J.P. Morgan tri-party program get an advance start on their transition to the new matching process." J.P. Morgan is introducing these new tools and processes to its cash lender clients, prior to the August 2011 deadline set for the Task Force for three-way trade matching.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit http://info.nice.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18064 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11025 views comments | 7 tweets | 6 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
6609 views comments | 13 tweets | 20 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6410 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5817 views comments | 5 tweets | 12 linkedin

Featured job

Find your next job