Helping you adapt to conditions
The intelligent, liquidity-seeking algorithm for equities
Aqua helps you navigate the liquidity landscape across the globe
while minimizing market impact.
Using real-time analytics and advanced statistical modeling, Aqua adapts to market conditions
to maximize liquidity capture efficiently.
With six user-specified urgency levels ranging from passive dark participation to aggressive liquidity taking, you can configure the strategy around your individual trading objectives.
Maximizing access to block liquidity can improve your execution performance in today’s fragmented market. Use Aqua Blocks — an urgency level in J.P. Morgan’s Aqua — to source sizable liquidity and gain comprehensive access to block venues.
|Price (USD)||< 500K||500–2M||2M+|
|Percentage of Large In Scale (LIS)2|
|Minimum Order Size (% of LIS)||Minimum Execution Size (% of LIS)|
|Turquoise Plato Block Discovery||100||100|
JPM-X is J.P. Morgan’s fully dark, continuous crossing platform that offers enhanced liquidity and the opportunity for price improvement. Our customizable, tiered structure supports selective crossing so you can control the order flow types with which you interact.
Tap into JPM-X directly or through J.P. Morgan’s suite of algorithms and smart order router.
Learn more about the quantitative models that drive Aqua.
Requires access to J.P. Morgan Markets
Equities analytics solutions across the trade life cycle available on J.P. Morgan MarketsLearn more about J.P. Morgan Analytics+
Aqua takes advantage of optimal liquidity scenarios, managing impact and adverse price selection with the principal objective of managing implementation shortfall.Learn more about Aqua for Futures
Advanced equities trading powered by machine learningLearn more about J.P. Morgan introduces LOXM
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