J.P. Morgan and BNP Paribas adopt DTCC’s CTM triparty workflow
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J.P. Morgan and BNP Paribas adopt DTCC’s CTM triparty workflow 09 September 2025US, UK and Europe Reporter: Zarah Choudhary
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The Depository Trust & Clearing Corporation (DTCC) has announced that, BNP Paribas and J.P. Morgan, have joined its Central Trade Manager (CTM)’s automated triparty matching workflow for prime brokers, which streamlines trade communications between hedge funds, prime brokers and executing brokers.
CTM’s triparty matching capabilities standardises and automates the delivery of hedge fund trade files to prime brokers, which according to the firm, ensures timely communication of trade details and enables a seamless and efficient trade processing flow.
Specifically, the workflow utilises CTM’s automated central matching functionality, supplying prime brokers with a copy of transaction details when a trade match occurs between a hedge fund and an executing broker, which enables real-time standardisation and automation to the trade allocation process.
Val Wotton, managing director and global head of equities solutions, at DTCC says: “We are excited to have BNP Paribas and J.P. Morgan adopt CTM's triparty workflow as prime brokers.
“This is a pivotal step in further automating and accelerating settlement processes, and we anticipate it will greatly enhance automation for prime brokers in EMEA and globally as additional financial markets transition to a T+1 settlement cycle.”
Wayne Howard, global head of prime brokerage operations client services at BNP Paribas, comments: “Joining DTCC’s CTM triparty matching workflow as a prime broker aligns with BNP Paribas continuing commitment to deliver the best in class experience for our clients.”
Anthony Fraser, global head of prime financial services operations at J.P. Morgan adds: “DTCC's initiative to incorporate CTM into the prime broker environment will enable our teams to optimise post-trade processes, emphasising accuracy and speed, which will drive efficiencies for our clients.”
Both firms have signed on to go live by the end of 2025.
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