J.P. Morgan Launches Third-Party Clearing for SmartPool and Arca Europe Trading Platforms

LONDON - J.P. Morgan announced today that its GlobeClear(SM) business has been offering third party clearing and settlement services for trades executed on the SmartPool and NYSE Arca Europe trading platforms.

SmartPool Trading Limited is a pan-European Multilateral Trading Facility (MTF) and dark liquidity pool covering 15 markets. It was created by NYSE Euronext in partnership with J.P. Morgan, HSBC and BNP Paribas. NYSE Arca Europe, another pan-European MTF, fully integrated with NYSE Euronext, provides access to the most liquid securities across 11 markets.

With this service extension, J.P. Morgan’s GlobeClear now supports 29 trading venues, including five MTFs, three of which are cleared through EuroCCP and/or LCH Clearnet SA as central counterparties. As a result, clients wishing to trade on these MTFs can opt in for cross-platform netting enabling them to further reduce their net settlement cost.

Kelly Mathieson, global head of clearance and collateral management for J.P. Morgan Worldwide Securities Services, said: “Supporting investors on these trading platforms is in line with GlobeClear’s strategy to further expand its clearing and settlement offering, providing our clients with quick, pan- European access to several trading platforms through a single global window. Through GlobeClear, clients benefit from a wide market coverage, both off and on-exchange, at low cost.”

For more information on J.P. Morgan’s GlobeClear, please visit www.jpmorgan.com/globeclear.

About J.P. Morgan Worldwide Securities Services

J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $13.7 trillion in assets under custody and $3.7 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.

About J.P. Morgan Chase & Co.

J.P. Morgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, J.P. Morgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about J.P. Morgan Chase & Co. is available at www.jpmorganchase.com.

Media contact:

Juliana Wheeler, +44(0)207-325-5755, juliana.r.wheeler@jpmorgan.com

Source: J.P. Morgan

Media contact: Juliana Wheeler, +44(0)207-325-5755, juliana.r.wheeler at jpmorgan.com