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JP Morgan and Baton Systems develop real-time clearing system

November 18, 2019

According to the firms, the new system will address the challenge of having to tie-up excess funds across the clearing workflow by integrating settlement instructions for custodians and other funding sources into existing treasury platforms.

The resulting end-to-end automation of workflows provides “full visibility” of the asset flows between JP Morgan and clearing houses, with “complete audit trails and real-time notifications”.

“The technology we have developed reduces the time needed to process the entire collateral workflow from hours to near real-time,” says Anthony Fraser, head of global clearing operations and trading cost management at JP Morgan.

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