BNP Paribas, J.P. Morgan Adopt CTM’s Automated Tri-Party Matching to Streamline Trade Processing

BNP Paribas and J.P. Morgan have integrated CTM’s automated tri-party matching workflow for prime brokers, a MOVE that enhances efficiency in trade communications between hedge funds, prime brokers, and executing brokers. The adoption comes as the UK, EU, Switzerland, and Liechtenstein prepare for the transition to T+1 settlement by October 2027.

Currently, prime brokers often receive trade details from hedge funds in disparate formats and at varying times, leading to delays in post-trade processing. CTM’s solution standardizes and automates the delivery of trade files, ensuring timely communication and seamless processing. The workflow leverages CTM’s central matching functionality to provide prime brokers with a golden copy of transaction details upon trade matching, enabling real-time automation.

Both institutions are set to go live with the system by the end of 2025, marking a significant step toward modernizing global trade infrastructure.