JPMorgan has launched a single electronic trading platform, consolidating more than 30 individual platforms onto a single user interface.
The launch of JPMorgan Markets, which covers both pre- and post-trade operations, will reduce complexity for its clients, according to Troy Rohrbaugh, global head of foreign exchange (FX) and rates, while also providing the bank with a competitive advantage.
"By having a high degree of automation at every stage of a trade, clients will be able to focus on trading ideas rather than the increasing complexity of a post-regulatory world in trade execution, post-trade clearing, settlement and reporting," he says.
The soft launch of the platform is underway this week, with all clients to be fully on board by the end of 2013.
Waters Wavelength Podcast Episode 75: An Update on the Julia Programming Language; AI & Alternative Data; Digital Currencies
Julia Computing's Viral Shah talks about the programming language he helped create and what's ahead for it. Then James and Anthony talk about the pairing of AI & alternative data, digital currencies, and Game of Thrones.Subscribe to Weekly Wrap emails