JP Morgan Joins Forces with StatPro for Buy-side Analytics Tool

The corporate and investment banking franchise at JP Morgan has forged a five-year alliance with StatPro to develop a multi-asset portfolio analytics tool for the buy-side, according to a story in The Trade. StatPro, a cloud-based portfolio analytics and asset pricing services provider, said that it will work alongside the bank’s data and analytics business to provide clients with access to the StatPro data platform alongside JP Morgan’s fixed income indices. The agreement aims to bolster the decision-making process for front office professionals, specifically portfolio managers, to manage risk and performance more efficiently while creating a ‘one-stop shop’ for institutions such as JP Morgan’s asset management, hedge fund and pension fund clients. Once established, the new analytics tool will be accessible by JP Morgan’s European and Asian multi-asset clients, with an ‘early adopter’ program due to begin in North America, where StatPro and JP Morgan are expanding cross-asset services to include US securitized products.