J.P. Morgan introduces its multi-asset trading platform designed for a post-regulatory trading environment
Jan 07, 2013
New York, January 7, 2013 — J.P. Morgan today announces the roll-out of J.P. Morgan Markets, the firm’s new multi-asset class trading platform, bringing pre-trade, trade and post-trade functionality onto a single platform for the first time. Debuting with a first wave of trading solutions, it is a complete redesign and consolidation of the firm’s existing e-trading offerings from front to back, and will present a seamless client experience throughout the entire trade lifecycle.
“We have created J.P. Morgan Markets to give clients an intuitive user experience, and a convenient and efficient way to trade across different asset classes, all in one place,” said Troy Rohrbaugh, Global head of FX & Rates Trading. “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.”
With a single log-in, J.P. Morgan Markets will offer clients one of the largest sets of products and services in the market, including the firm’s award-winning research, powerful analytics and structuring tools, multi-product trading and extensive post-trade capabilities. Over time, it will give access to liquidity across asset classes, market-leading algorithmic tools, and connectivity to countless trading venues, as needed by clients or mandated by future regulations.
“Developing J.P. Morgan Markets has been a huge undertaking and, by the end of this year, we will have consolidated more than 30 platforms into one client offering,” said Peter Cherasia, Global head of Markets Strategies. “It will enable us to quickly deliver innovative new products as we adapt to changing market conditions, and clients will find it a faster, more effective and transparent place to trade.”
Today marks the first phase in a roll-out of products and services, with most existing clients and products fully on-board by the end of 2013. Functionality available to clients today includes: pre-trade research and analytics, FX, Rates and Commodities trade execution and a number of post-trade services. Other pre- to post-trade functionality will be added throughout the rest of the year, or as market structure changes and new regulations are implemented.
The platform underlines J.P. Morgan’s continual investment in electronic trading, and also in technology more generally, which typically has a budget of several billion U.S. dollars each year. J.P. Morgan is Risk magazine’s Derivatives House of the Year (2012), and has the #1 ranked Equity Research team in the U.S., and the #1 ranked Fixed Income Research team in the U.S. and Europe, according to Institutional Investor.