J.P. Morgan adopts DTCC CTM for U.S. options trades
Article excerpt
Highlighted: the sentence this signal was extracted from
J.P. Morgan has adopted DTCC's CTM automated trade-matching workflow for U.S.-listed options to improve commission reconciliation in post-trade processing. The bank is using the central matching service as trading volumes in U.S.-listed options rise and firms look for ways to reduce manual work after trades are executed. Its adoption adds to broader use of the workflow, which DTCC introduced for U.S. listed options in 2023. The market infrastructure provider said 32 buy-side clients are now live in production, while monthly matched volume for U.S. listed options through CTM has risen 525% since July 2024. The service is designed to automate the submission and matching of listed options trades and standardise how market participants handle commission breaks. That can remove the need for custom reports and separate file reconciliations between trading partners. For banks and asset managers, post-trade processing in listed options can still require manual intervention when allocations, commissions and clearing instructions do not align across counterparties. As volumes increase and firms seek to reduce delays before trades are sent to clearing, standardising those steps has become a focus for operations teams. Workflow changes CTM also adds data to the Clearing Member Trade Assignment process, which is used to transfer options trades or positions between clearing members. The...
Keep reading with a free account
The rest of this article, and every signal for JPMorgan, is in your free account.
