Chatham cuts trade validation from 30 minutes to under 4 with Codex

Chatham Financial's work with OpenAI centers on Process Zero, its reengineering consulting service that redesigns workflows around desired outcomes. For trade validation, Chatham's Controls and Data Integrity team identifies minimum inputs and evidence required, determines where human judgment is essential, and decides how AI should support the work. This approach reflects the firm's view that AI is not simply a faster way to run every process, as CEO Matt Henry put it.

The effort extends beyond a single workflow. Chatham uses Codex to build internal and client-facing tools, powers AI features with GPT-5.6, and is developing Chatham Onyx, a next-generation capital markets operating system that brings assets, debt, and derivatives into a governed environment with traceable data. Employees also build applications through Chatham Vibes, an internal platform that runs on GPT-5.6 Terra by default, with GPT-5.6 Sol as an optional upgrade. These applications support tasks such as reviewing maturing-cap trades, producing fixed-income rate sheets, and preparing hedging dashboards.

What the outcome hinges on is Chatham's continued validation of the trade validation app against real transactions and experienced reviewers before it expands automation. If that holds up, the firm anticipates advisors will spend less time assembling information and more time interpreting it, managing difficult cases, and advising clients — a shift that could matter to other capital markets firms weighing similar deployments.