JPM offers new FX platform
The platform was developed entirely in house more than a year ago and has been in use internally since then. However, as of six months ago, the bank has been rolling it out to clients in a pilot phase.
The new system enables access to real-time executable streaming rates for spot, forwards and swaps transactions in more than 300 currency pairs, with straight-through processing. MorganDirect uses an enhanced pricing engine with real-time prices based on algorithms and controls, which enables the
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