Prime Services
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PrintJ.P. Morgan's Prime Brokerage business offers a variety of innovative solutions and capabilities across:
Financing
J.P. Morgan provides a variety of flexible financing and leverage capabilities allowing for customized and innovative solutions for each client's trading style and strategy.
Our financing capabilities allow us to incorporate a host of asset classes and products, including equities, fixed income securities, derivatives and synthetic products – into one prime brokerage financing platform.
Our dedicated global team supports a wide range of leverage products providing flexible financing solutions. By working closely with risk management and relationship management professionals our clients can access optimal leverage matching their individual risk-reward profile.
Securities Lending
As one of the largest borrowers and lenders of securities in both equity and debt, we offer extensive access to exclusive lending portfolios and longstanding relationships with custodial lenders and asset managers. We have a seasoned team of market professionals, using the latest technology, which makes our business one of the leading players in the prime brokerage industry.
Our integrated synthetic capabilities ensure that we serve our clients effectively regardless of their choice of instrument. Available alternatives include, swaps, CFDs, futures, options and market access products which create the ability to access markets where borrowing is otherwise unavailable.
Clearing and Custody
The firm's clearing and custody system provides consistent and precise information on trades. We clear and serve as the custodian for a wide array of products – including equity, fixed income and FX, swaps and options, futures and other derivatives – and provide clearing on more than 75 international markets.
In addition to providing clearing and custody, we report trade discrepancies on a pre-settlement basis. In this process, any unmatched transactions are immediately communicated to clients for resolution.
Foreign Exchange and Precious Metals Prime Brokerage
J.P. Morgan's foreign exchange intermediation model provides the ability to trade with broad range of executing banks and face J.P. Morgan as principal. Along with an efficient and broad access to liquidity, clients can connect to our proprietary streaming API, to all major ECN platforms and over 200 currency pairs.
Our market leading straight-through processing platform enables high-volume execution across spot, forward, swap, option and exotic markets with ease. J.P. Morgan's web-based portal provides access to real-time P&L and position management as well as J.P. Morgan's proprietary roll management interface.
Derivatives Prime Brokerage (Credit and Interest Rates)
J.P. Morgan's derivatives intermediation model provides the ability to trade with multiple counterparties and face J.P. Morgan as principal. Clients can benefit from increased capital efficiency through margin netting of entire portfolios. Consolidated collateral payment and one consistent valuation source provide operational efficiencies.
Credit derivatives prime brokerage offers the capability to trade directly or on give-up across single name, index and correlation products-in all regions.
The interest rate derivatives prime brokerage infrastructure allows clients to trade swap and derivative structures in more than 20 currencies.
MasterSwap
MasterSwap, an innovative financing product, is an ISDA governed total return portfolio swap which provides many of the functions normally associated with prime brokerage. MasterSwap can be used as an alternative or a complement to existing prime brokerage relationships. MasterSwap leverages J.P. Morgan’s excellent trade execution in fixed income and equity trading, with its market leading capabilities in derivative products. Learn more about MasterSwap.
Learn more about the Safety of Assets for clients of J.P. Morgan Clearing Corp.
View Bear Stearns Securities Corp. financials (now known as J.P. Morgan Clearing Corp).