BlackRock and JPM launch same day settlement platform in Asia

cutting the ribbonBlackRock's institutional clients based in Asia will now be able to process trades during Asian business hours and receive the same day use of the funds, due to the JP Morgan and BlackRock Asian Same Day Settlement platform. The firms just launched the platform in Asia Pacific and the service will initially be available for BlackRock’s two USD cash funds, the ICS Institutional US Dollar Liquidity Fund and the ICS Institutional US Treasury Fund. The service will be provided by JP Morgan's transfer agency business. Mark Stockley, head of international cash at BlackRock, said: “The Asian Same Day Settlement service is intended to provide our institutional clients with greater flexibility. It represents a significant improvement over the previous settlement times, and will allow our clients to fully realise the benefits of investing in BlackRock’s Liquidity Funds.” BlackRock also partnered with JP Morgan to outsource the investment management firm’s fund fax dealing desk, a move which provided BlackRock’s clients with greater processing efficiencies and faster execution of trades. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.