J.P. Morgan today announces the global roll-out of J.P. Morgan Markets, the firm's new multi-asset class trading platform covering credit, FX, interest rates, commodities and some equities. It consolidates more than 30 platforms into one client offering and brings together pre-trade, trade and post-trade functionality onto a single platform for the first time. Debuting with an initial wave of trading solutions, it is a complete redesign and consolidation of the firm's existing e-trading offerings from the front to back, and will present a seamless client experience throughout the entire trade life cycle.
Troy Rohrbaugh, global head of FX Rates Trading claimed that: "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 offers 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, JPMarkets will also provide 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.
This marks the first phase in a roll-out of products and services, most existing clients and products will be fully on-board by the end of 2013. Functionality available to clients today includes: pre-trade research and analytics, FX, Rates, Commodities trade execution and a number of post-trade services.
Currently corporates typically use the J.P. Morgan e-trading platforms for hedging purposes for currency fluctuations or commodity prices. Now, they will only have to log into one platform, and will have seamless access to all JPM products. Corporate users can use JPMarket to implement a different strategy, or if they can simply carry on with what they already know and feel comfortable with.
As regulations in financial markets make clearing and settlement of trades more complicated, J.P. Morgan expect to automate much of their corporate clients's compliance administration.
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