BST Awards 2021: Best buy-side OMS—JP Morgan Asset Management  

Product: Asset Management Portfolio Management OMS (AMPM OMS)

OVERVIEW

Asset Management Portfolio Management (AMPM) OMS is a multi-asset order management system (OMS) designed to allow portfolio managers to optimize portfolios, provide real-time position view, prevent breaches, and execute systematically.

The AMPM OMS development team has shifted away from a line-of-business support model to an Agile model, which has dramatically improved time-to-market. The platform is used by investment stakeholders across the JP Morgan AM investment landscape, including North America, Europe and Asia-Pacific. 

 

 

 

 

“The OMS allows me to easily review a basket summary, compliance warnings and click to see which rule narrative was triggered. It allows me to customize columns and expand/hide and sort/group fields to look for unusual trades or focus on Asian trades. There is a summary widget that shows the global team’s baskets grouped by status with intuitive colors so that I can monitor and look for issues. When I have wanted to do something new, the team has anticipated it and developed it using the Agile methodology. It’s a rare combination of great UI and functionality.” 
Alistair Lowe, managing director, senior portfolio manager, Asset Management Solutions, JP Morgan Asset Management

WHAT’S NEW

AMPM OMS now leverages FIX to integrate with the asset manager’s downstream execution management system for every instrument type. It leverages JP Morgan Asset Management’s firm-wide Kafka infrastructure to display order status updates within the OMS dashboard in real time to portfolio managers, improving their ability to make faster investment decisions. The platform caters to more than 6,000 portfolios globally and has onboarded over 900 portfolio managers and an equal number of supporting stakeholders, including investment specialists, client reporting staff and middle-office users. It supports multiple asset classes such as fixed income and equities across eight key lines of business. It features AWS Cloud deployment for efficient handling of user requests and provides the scale to support 70,000 to 100,000 orders that are sent to the EMS downstream.

 

 

 

WHAT’S TO COME 

AMPM is now being rolled out to fixed-income and equities desks simultaneously, prioritizing the desks that are paying the most for vendor licenses and/or support costs. Ultimately, it will support the needs of 900 portfolio managers and investment stakeholders, and will help to manage close to $3 trillion. Derivatives product workflow support across business lines is underway, while real-time integration with investment book of record (IBOR) capabilities is also in the pipeline. 

 

 

 

 

WHY THEY WON

The buy-side OMS space is highly competitive with offerings coming from both the vendor community as well as large asset managers. JP Morgan Asset Management’s cloud-based AMPM OMS has seen significant user uptick since its launch as it is being pushed further onto fixed income and equities trading desks. 

 

 

 

 

AMPM OMS is a best-in-class order and execution management system that provides multi-asset capabilities for portfolio management. It is a system of highly scalable, distributed microservices, deployed in the cloud to provide 24x7 system availability to its users across the globe. It integrates with the firm’s IBOR, trading systems and idea-generation tools through scalable messaging platforms like Kafka and FIXHub.”
Manish Kumar, executive director, portfolio implementation technology, JP Morgan Asset Management
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