JP Morgan to join Goldman in opening up risk system
Athena platform – built for JP Morgan's traders – could be available to clients in 2018
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
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