JP Morgan and Bloomberg Automate Post Trade
J.P. Morgan Securities Services and Bloomberg are working in partnership, bringing together Bloomberg Investment and Order Management System, with J.P. Morgan's back office technology.
In production with the first joint Bloomberg and J.P. Morgan client, the service enables real-time post-trade workflows, enriched with custodian data, while operating within their existing Bloomberg AIM order management system. By centralising and streamlining operational processes and data integration, this offering reduces manual touchpoints and provides increased transparency, thereby mitigating post-trade risks and costs.
"Optimizing their operating model is a critical objective for our clients," said Ian Peckett, Global Head of Buy-side Product, Bloomberg. "Our priority remains enabling the entire investment process and we will continue to provide clients with connectivity to leading service providers like J.P. Morgan to help them reduce workflow fragmentation, manage complexity, and scale their businesses."
"One of the hardest challenges to solve in the streamlining of buy-side processes is interoperability with Securities Services providers," said Naveen TV, Managing Director Securities Services, J.P. Morgan. "This integration allows clients to reside within Bloomberg AIM and use J.P. Morgan as an extension of their operations through sharing of enriched transaction data sets and operational workflow."