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 commercialise 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, credit, foreign exchange and rates books, integrating pricing, deal entry and risk management. BlackRock reported returns of $529m after licensing its Aladdin platform to other asset managers, Goldman Sachs also commercialised its front-office system, SecDB, last year. Sources suggest JP Morgan is considering a subscription fee for Athena that targets the buy side as well as smaller regional banks.