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JPM Adds IM to Algo

NEWS

The messages are compatible with many e-mail and IM systems, including AOL's AIM, Bloomberg Professional and Google Talk IM.

David Conner, head of electronic sales for electronic client solutions at JPMorgan, tells Waters' sibling publication Dealing with Technology that the bank wanted to avoid taking a low-touch approach to algorithmic execution and provide what he calls "a proactive human support element to trading electronically."

"We combined our high-speed market data feeds with an

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