J.P. Morgan Establishes an Electronic Foreign Exchange (FX) Trading and Pricing Engine in Singapore

Apr 01, 2020

J.P. Morgan Establishes an Electronic Foreign Exchange (FX) Trading and Pricing Engine in Singapore

April 1, 2020

Singapore J.P. Morgan announced today that its new electronic FX trading and pricing engine, designed to speed up trade executions for clients, is now live in Singapore, with support from the Monetary Authority of Singapore (MAS).

First announced in August 2019, the new trading engine is J.P. Morgan’s fourth electronic FX trading infrastructure globally that allows clients to conduct FX transactions effectively according to their geographical locations, adding to its existing platforms in New York, London and Tokyo. Covering a full range of FX and precious metals, the new platform demonstrates the firm’s continued investment in this space for its clients.

“With market volumes and volatility at record levels, we’re pleased to provide clients with additional infrastructure to support their global price discovery and liquidity needs at such a critical juncture. The platform will help to support the increased trading flows we’re seeing in Asia’s leading FX trading center. This is another example of J.P. Morgan’s strength and our commitment to serving clients in all market conditions,” said Sudhanshu Sanadhya, head of Asia currencies and emerging markets trading, J.P. Morgan.

The partnership with MAS is part of the central bank’s strategic initiative to develop Singapore into a global price discovery and liquidity center for FX during Asia trading hours.

About J.P. Morgan

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 

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