JP Morgan is planning to let clients use its front-office risk system, according to three sources familiar with the project – the second big dealer to look at commercialising technology that was originally built to give the bank's traders an edge. Goldman Sachs made its front-office system, SecDB, available to clients last year. Both banks can look to the example of BlackRock, which made $529 million in 2015 by licensing its Aladdin platform to other asset managers, according to the firm's Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
JP Morgan is looking to develop a front - office system called Athena that was built for its traders , making it available to clients as early as 2018 , according to unnamed sources . The system covers commodities , commodities , foreign exchange and rates books , integrating pricing , deal entry and risk management . BlackRock reported returns of $ 529 m after licensing its Aladdin solutions to other asset managers , Goldman Sachs also commercialised its front - office system , SecDB , last year . sources suggest JP Morgan is considering a subscription solution for Athena that targets the buy side as well as smaller regional banks .