London, 6 April 2016 – SmartDX, from the Smart Communications division of Thunderhead, today announced that JDX are the first firm to produce industry standard base templates for the recently launched SmartDX template library.
JDX is a global financial services firm based in London and New York that supports clients with cost-effective and flexible resourcing solutions. The SmartDX solution, from Thunderhead, automates trade and relationship document generation and negotiation for the Capital Markets.
The base template library has been created to dramatically reduce the time taken to prepare documentation. It provides a central online location where participants can download industry standard ‘base templates’ to prepare compliant documentation.
As the first firm to contribute, JDX confirmed development and addition of base templates for ISDA Master Agreements and Credit Support Annexes. The relationship with JDX is expected to expand further and other service providers to the capital markets industry are also expected to contribute templates in the near future.
“We’re delighted to be the first to contribute these initial base templates that can speed up time to market and assist in meeting this years’ repapering requirements of our clients.” said Tim Bethel CEO and co-founder of JDX Consulting. In addition, Stuart McClymont, co-founder of base60 the strategic advisory firm within the JDX Group highlighted; “The Investment Banking technology landscape needs disrupting to drive the document management process into the next generation of speed, efficiency and automation.”
Robin Moody, Head of Capital Markets, SmartDX, commented, ‘The base template library aims to decrease the time to value of the SmartDX service and give SmartDX clients a cost effective competitive edge. We’re really pleased that JDX are the first to jump on board this exciting venture that will absolutely drive efficiencies within our community.’
He also confirmed, “As we continue to build out the base template library ecosystem with our partners and customers, SmartDX becomes a comprehensive solution for industry participants and our integration partners to quickly and efficiently deal with paper and repapering requirements placed upon them by regulators.”
JDX is an independent company, with over 300 employees, created in 2012 to provide bespoke onshore resourcing solutions to clients in the areas of operational and regulatory remediation. In 2015 the JDX Group expanded to become a full service-consulting provider launching base60. base60 is a strategic advisory firm specializing in business strategy, architecture and transformation. JDX also launched JDX Connect, which provides hosted, in-house remediation and business as usual processing for its clients. JDX is a viable alternative to traditional outsourcing and consultancy firms. For more information, please visit www.jdxconsulting.com or www.base60consulting.com.
SmartDX, from the Smart Communications division of Thunderhead, is the industry standard for automating trade and relationship document generation, processing and collaboration in the Capital Markets.
Trusted by all of the G15 investment banks and some of the world’s largest energy and commodity companies, SmartDX helps simplify the negotiation and execution of trade and relationship documentation for all market participants, across all document types, asset classes and product types.
SmartDX serves its global customer base from offices located in North America, Europe and Asia Pacific.