J.P. Morgan has become the second firm to go live with the T-Zero post-trade straight-through processing platform for credit derivatives. T-Zero, a spin off from credit trading outfit Creditex, is already being used to process live trades between Goldman Sachs and hedge fund KBC Alternative Investment Management and is yet another system responding to the increasing pressure from US and UK regulators to clear up the backlog of trade confirmations. The system has been designed to electronically capture and re-direct all trade details, assignments, allocations and other relevant details in the processing of credit derivatives. The platform automatically allows counterparties to send affirmed trades to the Depository Trust and Clearing Corporation for same-day or T+0 legal execution.

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