The partnership is the latest in JP Morgan’s strategy to collaborate with FinTech firms and provide its clients middle and back-office data to front-office decision makers.
Tag: Front office
Earlier this year, BNY Mellon's Scharf proposed a move to an ‘open solution model’ where it will work with external providers and platforms.
BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.
The new services will help Pershing enhance its traditional clearing, custody and back-office services for its wealth management clients.
The launch of the outsourcing trading service for asset owners and asset managers made Northern Trust the first custodian to take on certain buy-side trading functions.
The focus on increased transparency through transaction and trade reporting have led to a surge in demand for data generated from financial market infrastructures.
The custodian will also look to deliver new capabilities across data aggregation, data enhancement and data analytics to support trading and execution.
The move is the latest effort by custodians to expand into the front-office; however, Northern Trust is the first to take on certain trading activities for asset managers.
The Series A round of funding for the FinTech firm is the latest move for fund administrations expanding their front-office data capabilities.
CrossWise was launched earlier this year for asset managers to optimise their operating model by combining its front and back-office services.