JPM narrows gap between trade instruction and market deadlines
15 August 2011 New York
Image: Shutterstock
J.P. Morgan has announced improvements in trade instruction deadlines across some 80 markets in its global custody business.
And, as a result of investment in technology and operations centres, global custody clients now have greater flexibility in instructing trades.
Bringing trade instruction deadlines closer to market deadlines allows more time for pre-matching and identification of potential settlement issues, J.P. Morgan wrote.
Much of this improvement stems from the free movement of electronic trade instructions between global operating sites in the United States, United Kingdom, India and Australia.This effectively removes the limitations previously imposed by local and regional processing hours, resulting in improvements that range from 30 minutes to more than 24 hours. In addition, electronic trade instructions can now be processed and repaired almost continually through a 7-day week and 24-hour day.
“This initiative leverages the full power of J.P. Morgan’s global processing capabilities and technology to improve our clients’ trading experience across the vast majority of J.P. Morgan’s global custody network,” said Kelly Mathieson, global custody and clearing business executive, J.P. Morgan. “Clients who instruct their trades electronically, using either standard electronic industry formats or J.P. Morgan’s proprietary tools, will see a significant and immediate benefit.”
And, as a result of investment in technology and operations centres, global custody clients now have greater flexibility in instructing trades.
Bringing trade instruction deadlines closer to market deadlines allows more time for pre-matching and identification of potential settlement issues, J.P. Morgan wrote.
Much of this improvement stems from the free movement of electronic trade instructions between global operating sites in the United States, United Kingdom, India and Australia.This effectively removes the limitations previously imposed by local and regional processing hours, resulting in improvements that range from 30 minutes to more than 24 hours. In addition, electronic trade instructions can now be processed and repaired almost continually through a 7-day week and 24-hour day.
“This initiative leverages the full power of J.P. Morgan’s global processing capabilities and technology to improve our clients’ trading experience across the vast majority of J.P. Morgan’s global custody network,” said Kelly Mathieson, global custody and clearing business executive, J.P. Morgan. “Clients who instruct their trades electronically, using either standard electronic industry formats or J.P. Morgan’s proprietary tools, will see a significant and immediate benefit.”
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