JPMorgan Goes 'Live' With T-Zero®
- New platform provides immediate affirmation of key trade terms
- Facilitates confirmation between parties on trade date
- Alleviates many key operational issues
London and New York, October 20, 2005 – T-Zero®, a platform dedicated to achieving operational efficiencies
in the credit derivatives market, today announced that JPMorgan has gone ‘live’ on its post-trade processing
platform. The adoption of T-Zero® by JPMorgan places both firms in a central role to address the backlog of credit derivative
confirmations recently highlighted by the Federal Reserve, Financial Services Authority (FSA) and the Bank of England.
Guy America, head of European credit trading at JPMorgan said: "We have been actively involved in the development
of T-Zero® from the start. The platform is precisely what the market needs to underpin its growth, and we look forward to
continuing to work with T-Zero® to bring further benefits to our broad client base."
T-Zero® presented its platform to over 40 of JPMorgan’s clients last week. The presentation was the first of several
being planned by T-Zero® in cooperation with the major dealers who have signed up to the platform.
Mark Beeston, president of T-Zero® said: "We are delighted to be partnering with JPMorgan to bring new clients to
the platform in this way. This is the first time a major bank has invited us to address a broad group of clients at an in-house
client event. It demonstrates JPMorgan’s commitment to ensuring the market adopts solutions that benefit everyone."
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