JP Morgan Boosts Confirm Rate
FRONT PAGE: OPERATIONS
JP Morgan has seen a 30 percent increase in successful confirmation rates for its credit trading business following the implementation of a new reference data architecture, officials revealed last week.
Speaking at the FIMA reference data conference in New York last week, Gerard Hoban, manager of market and reference data at the bank’s credit business, described how rates for T+0 confirmations now stand at 50 percent, T+1 confirmations stand at 60 percent and T+6 confirmations stand at 80 percent
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