A new proprietary e-trading platform that allows clients to access real-time executable streaming foreign exchange rates (forex) from their desktops and Blackberry devices was launched on Wednesday by JP Morgan.The platform, called MorganDirect, supports FX spot, forward, and swaps trading, providing real-time rates for over 300 currency pairs. The bank intends to expand the service to other products and asset classes, including vanilla options, interest rates, and fixed income.
JP Morgan said the new platform will replace its previous FX trading service, JPEX. The principle change between MorganDirect and the old platform is a new pricing engine that produces real-time prices based on algorithms and controls.
Topics: JP Morgan Chase
Sign up for Risk.net email alerts
Australia, 12th - 13th Aug 2014
UK, 10th - 12th Sep 2014
USA, 17th - 19th Sep 2014
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.