J.P. Morgan Achieves Greater Efficiency in U.S. Listed Options Space by Leveraging CTM’s Automated Matching Capabilities

New York/London/Hong Kong/Singapore/Sydney, September 23, 2026 ‒ The Depository Trust & Clearing Corporation (DTCC), today announced that J.P. Morgan is leveraging CTM's automated trade matching workflow for U.S. Listed Options and realizing efficiencies in commissions reconciliation through greater automation and standardization of post-trade processing.

As volumes in U.S. Listed Options continue to grow, firms across the industry are seeking ways to reduce manual intervention, streamline reconciliations and accelerate post-trade processing. By leveraging CTM's automated matching capabilities, J.P. Morgan is helping advance straight-through processing (STP) while improving operational efficiency and mitigating risk. 

"We're pleased to see J.P. Morgan leveraging CTM to drive greater efficiency in commissions reconciliation for U.S. Listed Options," said Val Wotton, DTCC Managing Director and Global Head of Equities Solutions. "As firms face increasing trading volumes and continued pressure to improve operating efficiency, automation of post-trade processes is becoming increasingly important. J.P. Morgan's use of CTM demonstrates how standardization and automated matching can help reduce operational friction while enabling more scalable processing." 

Adoption of CTM's automated workflow to support the submission and matching of U.S. Listed Options has continued to accelerate since DTCC introduced the capability in 2023. Today, 32 buy-side clients are live in production on the workflow, and monthly matched volume for U.S. Listed Options through CTM has increased by 525% since July 2024. The growth reflects increasing industry demand for automated solutions that can help firms standardize commissions reconciliation processes, reduce manual effort and improve downstream operational efficiency.

"At J.P. Morgan, we continually evaluate opportunities to enhance operational efficiency and deliver a better client experience," said Vincenzina Megna, Head of Equity Operations at J.P. Morgan. "By leveraging CTM's automated matching capabilities for U.S. Listed Options, we have been able to streamline commissions reconciliation processes, reduce manual touchpoints and improve overall workflow efficiency. As market volumes continue to grow, automation will remain a key component of supporting scalable and resilient post-trade operations."

CTM's automated U.S. Listed Options trade matching workflow enables STP, enhancing operational efficiency and reducing risk through standardization and automation. By leveraging CTM, existing and new clients can standardize reconciliation processes, especially commission breaks, eliminating the need for custom reports and file reconciliations for each trading partner. The accelerated matching process can lead to faster submission times to clearing. 

Further, CTM enriches the Clearing Member Trade Assignment  (CMTA) process, which facilitates the transfer of options trades / positions between Clearing Members,  with an Options Clearing Corporation (OCC) Actionable ID (identifies account at the Clearing Member that originated an options transaction) and the contraparty clearing member firm number of the Clearing Broker (for clients that use ALERT), facilitating automated communication of allocation details to executing brokers, and reducing clearing delays and mismatches. 

CTM is DTCC Institutional Trade Processing's central matching service for cross-border and domestic transactions across multiple asset classes. Today, there are 6,000+ clients in more than 85 countries using CTM to streamline workflows.

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ABOUT DTCC

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 19 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2025, DTCC’s subsidiaries processed securities transactions valued at U.S. $4.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $114 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.