J.P. Morgan Asset Management has turned to funds network Calastone to automate settlement for its money market funds (MMF).

The asset manager’s Morgan Money trading platform will leverage Calastone’s technology to provide automated settlement, in what is being touted as an industry first. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The partnership with Calastone will enable Morgan Money users to settle trades in real time.

The latest partnership builds on the existing relationship between the two parties, with Calastone already supporting trade automation for JP Morgan funds worldwide. 

The need for higher levels of automation among fund providers and investors is said to have been exacerbated by the Covid-19 crisis.

Calastone’s technology is said to facilitate the “highest levels of automation” including trade placement, settlement, reporting as well as cash balance sweeps.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Calastone chief revenue officer Ed Lopez said: “Traditional models remain under immense pressure and have very quickly been seen to come up short. The key to managing this new post-COVID world, and to staying attractive in it, sits in embracing new, smart technologies – and making the switch from manual to automated.”

J.P. Morgan Asset Management provides global investment management in equities, fixed income, real estate, hedge funds, private equity as well as liquidity.

The business managed $1.9trn in assets at the end of March 2020.