J.P. Morgan & Bloomberg partner to transform post-trade workflow

Source: IBS Intelligence 2020-05-29

J.P Morgan Securities Services has announced that the firm has partnered with Bloomberg on a solution that transforms the post-trade workflow through direct front-to-back process, product, and data integration.

The partnership is bringing together Bloomberg Asset and Investment Manager (AIM), an execution and order management system (OMS) with J.P. Morgan’s cutting edge back-office technology and operational expertise. Bloomberg’s AIM delivers global, multi-asset solutions for portfolio management, trading, compliance and operations. The combined offering provides a seamless and fully-integrated real-time settlement process that mitigates buy-side clients’ operational costs.

The solution is now live and in production with the first joint Bloomberg and J.P. Morgan’s Securities Services client and is being made available to other buy-side clients. It enables clients to achieve real-time post-trade workflows enriched with custodian data while operating within their existing Bloomberg AIM order management system. By centralizing and streamlining operational processes and data integration, it reduces manual touchpoints and provides more transparency, thereby mitigating post-trade risks and costs.

“Optimizing their operating model is a critical objective for our client. 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,” said Ian Peckett, Bloomberg’s global head of buy-side product.

The solution embarks a new series of ongoing front-to-back integration points between Bloomberg and J.P. Morgan’s Securities Services. Bloomberg’s AIM is used by nearly 14,000 professionals in over 90 countries at over 850 client firms, including some of the largest asset managers, insurance companies, pension funds, hedge funds, and government agencies.

“One of the hardest challenges to solve in the streamlining of buy-side processes is interoperability with Securities Services providers. 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,” said Naveen TV, Managing Director in Securities Services, J.P. Morgan

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J.P. Morgan & Bloomberg partner to transform post-trade workflow

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