JP Morgan launches ASX OTC Client Clearing
September 26, 2018
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The Australian Stock Exchange (ASX) and JP Morgan have today announced that JP Morgan is the first ASX over-the-counter (OTC) clearing participant to launch an agency clearing service for Australian and New Zealand dollar-denominated OTC derivatives, having successfully cleared a trade for one of its clients.

ASX says it operates a fully developed OTC clearing service, providing global standard application programming interface (API) connectivity, 24-hour clearing, AUD and NZD product coverage, and a fully automated cross-margining facility.

ASX adds that its dealer to dealer service has been in operation since 2013, clearing AU$6.3 trillion in notional value last financial year. Today confirms the first cleared client transaction.

Helen Lofthouse, Executive General Manager Derivatives and OTC Markets at ASX, said: "JP Morgan's access to ASX's OTC client clearing service demonstrates JPM's commitment to providing the best solutions for its clients.

"It also shows ASX's determination to develop services valued by the market, which includes local clearing that's open throughout the Australian and New Zealand time zone."





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The Australian Stock Exchange (ASX) and JP Morgan have today announced that JP Morgan is the first ASX over-the-counter (OTC) clearing participant to launch an agency clearing service for Australian and New Zealand dollar-denominated OTC derivatives, having successfully cleared a trade for one of its clients.

ASX says it operates a fully developed OTC clearing service, providing global standard application programming interface (API) connectivity, 24-hour clearing, AUD and NZD product coverage, and a fully automated cross-margining facility.

ASX adds that its dealer to dealer service has been in operation since 2013, clearing AU$6.3 trillion in notional value last financial year. Today confirms the first cleared client transaction.

Helen Lofthouse, Executive General Manager Derivatives and OTC Markets at ASX, said: "JP Morgan's access to ASX's OTC client clearing service demonstrates JPM's commitment to providing the best solutions for its clients.

"It also shows ASX's determination to develop services valued by the market, which includes local clearing that's open throughout the Australian and New Zealand time zone."



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