J.P. Morgan launches Repo Trade Matching Engine
21 April 2011 New York
Image: Shutterstock
J.P. Morgan Worldwide 麻豆传媒 Services has launched its 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鈥檚 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鈥攊ncluding asset managers, pensions, and government institutions鈥攚ill be able to view the matching status of their trades through J.P. Morgan鈥檚 proprietary Repo Access platform. Tri-Party Repo Dealers will be able to view the matching status of their trades through J.P. Morgan鈥檚 Broker Dealer Automated System (BDAS).
According to Mark Trivedi, J.P. Morgan executive director for Global Custody and Clearing, 鈥淭his 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.鈥�
The Repo Trade Matching Engine can take trade instructions via a variety of different messaging types from Tri-Party Repo Cash Lenders. These lenders鈥攊ncluding asset managers, pensions, and government institutions鈥攚ill be able to view the matching status of their trades through J.P. Morgan鈥檚 proprietary Repo Access platform. Tri-Party Repo Dealers will be able to view the matching status of their trades through J.P. Morgan鈥檚 Broker Dealer Automated System (BDAS).
According to Mark Trivedi, J.P. Morgan executive director for Global Custody and Clearing, 鈥淭his 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.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
