J.P. Morgan is now using DTCC’s CTM automated trade matching workflow for US listed options, targeting greater efficiency in commissions reconciliation and post-trade processing. The workflow is designed to increase straight-through processing by standardising trade matching and reducing manual reconciliation. CTM can automate the handling of commission breaks, removing the need for customised reports and file reconciliations between individual trading counterparties, while accelerating submissions to clearing.
Adoption of the US listed options workflow has grown since DTCC introduced the capability in 2023. Thirty-two buy-side clients are now live in production, while monthly matched volumes have increased 525% since July 2024. CTM also supports the Clearing Member Trade Assignment process with additional account and clearing broker information, enabling automated communication of allocation details and helping reduce clearing delays and mismatches.
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