More NewsJP Morgan Launches Repo Trade Matching Engine

JP Morgan Launches Repo Trade Matching Engine

JP Morgan Worldwide Securities Services has launched a repo trade matching engine. This new functionality will enhance the operating model of the US 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 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 JP Morgan’s proprietary repo access platform. Tri-party repo dealers will be able to view the matching status of their trades through JP Morgan’s Broker Dealer Automated System (BDAS).

Mark Trivedi, JP Morgan executive director for global custody and clearing, said: “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 JP Morgan tri-party programme get an advance start on their transition to the new matching process.”

JP 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.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha