JP Morgan has become the latest institution to address concerns on the risks to systems used for processing trades in the growing over-the-counter derivatives market, by acquiring technology that allows it to handle higher volumes of orders and provide early warnings of any errors.
The US bank, which handles more than $70bn (â¬45bn) in derivatives collateral, has bought a tool from financial technology company TriOptima that will automatically reconcile OTC trade confirmations against its own records and highlight any discrepancies.
