JP Morgan builds link to Omgeo's CTM

Friday 19 September 2003 at 16:00

JP Morgan Investor Services (JPMIS), the custody and securities services arm of JP Morgan Chase, has become the first custodian to establish a settlement instruction interface with Omgeo Central Trade Manager (CTM), a central matching system.

The link enables instructions for trades that are confirmed in CTM to be sent directly to JP Morgan, improving straight-through processing rates. Previously, investment managers would have to create and send a separate trade instruction to JPMIS.