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.
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails