A press release entitled, "J.P. Morgan Asset Management partners with Calastone to power Money Market Funds" explains, "J.P. Morgan Asset Management has partnered with Calastone, the largest global funds network, to introduce new levels of automation to money market funds via its 'Morgan Money' trading platform." It tells us that JPMAM "will initially use Calastone to enhance its entire settlements process" and says, "Morgan Money will be the first in the market to offer automated settlements to its users via Calastone's innovative technology. Calastone digitalises the investment and reporting process for money market portals, fund providers and investors. The service enables the highest levels of automation, comprising of trade placement, settlement, reporting and cash balance sweeps." The release continues, "Calastone's solution provides a fully digitalised market ecosystem offering firms greater immediacy, accuracy and certainty of execution through automated workflows. Through this partnership, Morgan Money is able to provide customers with industry leading experience, optimised for current and future market needs." Calastone's Dan Kramer comments, "We are delighted to welcome JP Morgan onto our new suite of Money Markets Services -- and as the first to make automated settlements available to their users. Now more than ever, it is essential for fund providers to stay competitive, attractive and meet the future needs of investors. We are thrilled that, through our technology, we can help JP Morgan provide its users with a market-leading customer experience across Europe, USA, Asia and other global markets." JPMAM's Paul Przybylski adds, "Morgan Money has been designed to deliver a best in class customer experience, centred on seamless integration and operational efficiency. With that in mind, we are excited to partner with Calastone to bring automated settlements to the platform, allowing our users to settle trades in real time, with automated trade workflow."

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