08.16.2011

J.P Morgan Makes Trading Easier

08.16.2011
Terry Flanagan

On August 15m, J.P. Morgan Worldwide Securities Services today announced the firm’s achievements to enhance its trade instruction deadlines, beneficial for its global custody clients. The firm’s current custodian client base spans 100 global markets. J.P. Morgan has over $16.9 trillion in assets under custody.

The firm has “2,100 deadlines in more than 80 markets, providing market-leading cut-off times in the majority of those markets,” according to statement sent out by J.P. Morgan Worldwide Securities.

“As a result of ongoing significant investment in its technology and operational centers, J.P. Morgan 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.”

The firm’s recent enhancements to settling faster traders have largely focused on allowing trade messages and instructions to be transmitted electronically throughout operating sites around the globe. From the U.S., to U.K. to Asia—now clients do not suffer from “limitations previously imposed by local and regional processing hours, resulting in improvements that range from 30 minutes to more than 24 hours,” according to the statement.

Trade settlement has been traditionally subjected to setbacks due to global time zone differences in regions such as “India, which were previously impacted by short settlement cycles and regional processing hour restrictions,” according to the statement.

“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, a global custody and clearing business executive at 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,” Mathieson said.

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