JP Morgan gains direct market access to Danish market operated by Euronext

Rick Steves

“A shorter custody chain brings significant efficiencies and enhances the overall client experience.”

JPMorgan Chase

J.P. Morgan has signed an agreement to become a direct participant in the Danish market, operated by Euronext Securities Copenhagen.

Aiming at shortening the value chain between issuers and investors, J.P. Morgan is following the trend across Europe where international players in the custody business directly access local markets through direct connectivity with local CSDs.

The partnership provides advantages for both custodians and the clients they serve, ranging from reduced costs, a shortened custody chain, enhanced transparency and operational efficiencies, said the announcement by Euronext Securities.

Euronext Securities Copenhagen said it is responding to this trend by converging the infrastructure and expanding services. For J.P. Morgan, direct interface to the Danish market through local CSD connectivity will help drive its significant asset servicing presence in the Danish and Nordic markets, they added.

Shortening of the custody value chain

Anthony Attia, Global Head of Primary Markets and Post Trade at Euronext, commented: “We have had a close relationship with J.P. Morgan for a number of years, and we are proud to bring this collaboration to the next level and support them in their role as an Account Controller on the Danish market.

“Shortening of the custody value chain is a key assumption of Euronext’s “Growth for Impact 2024” strategic plan. Today’s announcement shows this assumption is right. Structural changes like this one do not only produce tangible benefits for international clients, they fundamentally better connect European economies to global capital markets. Concretely international investors now have a more direct and efficient access to 1.5 trillion euros of assets issued in the Danish capital market.

Hannah Elson, Head of Global Custody at J.P. Morgan commented: ‘We are excited to partner with Euronext Securities in providing direct market access in Denmark to our global clients. A shorter custody chain brings significant efficiencies and enhances the overall client experience. This move further strengthens our franchise and growth plans across the Nordic Region and demonstrates our commitment to delivering efficient market access to global investors’.

JP Morgan’s data management and reporting solutions

Last month, J.P. Morgan’s Securities Services launched a data platform that delivers end-to-end data management and reporting solutions for institutional investors.

Going by the name of “Fusion by J.P. Morgan” (Fusion), the solution allows clients to integrate and combine data from multiple sources into a single data model.

The buy-side can leverage the data platform to scale and reduce costs as well as to unlock timely analysis and insights. Its high-quality data and governance framework can be used across the investment lifecycle.

Fusion’s data catalog, including the content produced by the bank’s Global Research and Markets franchise, is available online and can be browsed for immediate consumption and integration using the platform’s APIs.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<