JPMorgan Chase has expanded its collateral management service for over-the-counter derivatives by adding automated reconciliation through the triResolve solution of Stockholm-based TriOptima.

"Trade reconciliation is challenging in the OTC derivatives community as most firms may not have the infrastructure in place themselves," said Colm Gaughran, global product head of JPMorgan's Derivatives Collateral Management (DCM) platform, which launched in 2005. The bank has more than $70 billion in derivatives collateral under management, and its clients include asset managers, pension fund managers, governments and government-sponsored agencies, hedge funds, corporates and financial institutions.

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