J.P. Morgan has signed an agreement to become a direct participant in the Danish market, operated by Euronext Securities Copenhagen.

Aiming at shortening the value chain between issuers and investors, J.P. Morgan is following the trend across Europe where international players in the custody business directly access local markets through direct connectivity with local CSDs.

The partnership provides advantages for both custodians and the clients they serve, ranging from reduced costs, a shortened custody chain, enhanced transparency and operational efficiencies, said the announcement by Euronext Securities.

Euronext Securities Copenhagen said it is responding to this trend by converging the infrastructure and expanding services. For J.P. Morgan, direct interface to the Danish market through local CSD connectivity will help drive its significant asset servicing presence in the Danish and Nordic markets, they added.

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Shortening of the custody value chain

Anthony Attia, Global Head of Primary Markets and Post Trade at Euronext, commented: “We have had a close relationship with J.P. Morgan for a number of years, and we are proud to bring this collaboration to the next level and support them in their role as an Account Controller on the Danish market.

“Shortening of the custody value chain is a key assumption of Euronext’s “Growth for Impact 2024” strategic plan. Today’s announcement shows this assumption is right. Structural changes like this one do not only produce tangible benefits for international clients, they fundamentally better connect European economies to global capital markets. Concretely international investors now have a more direct and efficient access to 1.5 trillion euros of assets issued in the Danish capital market.

Hannah Elson, Head of Global Custody at J.P. Morgan commented: ‘We are excited to partner with Euronext Securities in providing direct market access in Denmark to our global clients. A shorter custody chain brings significant efficiencies and enhances the overall client experience. This move further strengthens our franchise and growth plans across the Nordic Region and demonstrates our commitment to delivering efficient market access to global investors’.

JP Morgan’s data management and reporting solutions

Last month, J.P. Morgan’s Securities Services launched a data platform that delivers end-to-end data management and reporting solutions for institutional investors.

Going by the name of “Fusion by J.P. Morgan” (Fusion), the solution allows clients to integrate and combine data from multiple sources into a single data model.

The buy-side can leverage the data platform to scale and reduce costs as well as to unlock timely analysis and insights. Its high-quality data and governance framework can be used across the investment lifecycle.

Fusion’s data catalog, including the content produced by the bank’s Global Research and Markets franchise, is available online and can be browsed for immediate consumption and integration using the platform’s APIs.

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