JP Morgan integrates TradingHub’s analytics to evaluate brokers’ best execution

Rick Steves

Customer consortium data allows institutional clients to monitor and lower their trading costs by identifying brokers providing best execution.

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J.P. Morgan’s Securities Services will offer TradingHub’s Trading Analytics solutions as part of the investment bank’s commitment and strategy to address the needs of buy-side clients by providing integrated solutions across the investment lifecycle through an open platform.

Buy-side clients will now gain access to TradingHub’s suite of analytics including their new Transaction Efficiency and Accuracy Monitor (TEAM) – a tool that enables financial services firms to evaluate execution costs at the order, trade, instrument, or asset class-level, and compare against peers on an anonymized and permissioned basis.

Customer consortium data allows institutional clients to monitor and lower their trading costs by identifying brokers providing best execution.

In turn, sell-side institutions are offered greater transparency into their market share and quality of execution versus that of their peers, supporting continuous improvement of service.

TradingHub’s proprietary modeling determines accurate mid-prices intraday across asset classes and product types by analyzing published market data alongside its dataset of anonymized and permissioned client trades.

JP Morgan’s clients will be able to use TEAM as a compliance tool as it aids in the monitoring of execution quality across asset types and venues, and the identification of trading patterns associated with particular instruments.

Neil Walker, Chief Executive and Founder of TradingHub, said: “We are delighted J.P. Morgan has identified TEAM as a highly novel and valuable product and is giving its clients access to our market leading trade execution analytics service. This important relationship with J.P. Morgan will give more asset managers access to our services in a seamless and efficient manner via its open platform.”

Richard Crozier, Head of Product for Data and Analytics at J.P. Morgan Securities Services, commented: “Providing clients with access to unique services which help them manage transparency across the trade lifecycle is more important than ever. We’re excited to be working with TradingHub and offer TEAM as part of our growing platform.”

TradingHub supports many of the world’s largest investment banks and asset managers, managing over $20 trillion of assets across a broad spectrum of asset classes and investment strategies, representing approximately 20% of global funds under management.

JP Morgan has been very active in the institutionalization of digital assets in recent times. The investment bank will be the first to manage collateral with Baton System’s shared ledger via LCH.

Baton Systems has integrated with LCH to automate the end-to-end collateral workflow for derivatives participants, with the partnership expanding its network of central counterparties (CCPs).

J.P. Morgan will be the first of Baton’s clients to manage their collateral at LCH using the Baton platform, whose shared permissioned ledger integrates with existing collateral and cash systems of external providers, including CCPs and custodians.

The company is also helping the central bank of Bahrain to test digital currencies ahead of a CBDC project.

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