JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
JP Morgan has traded $250 billion worth of non-deliverable forwards (NDFs) this year via algorithms, as the bank buttresses its capacity to internalise more of these trades and moves to increase market share.
One fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised, meaning that clients can access 20% more liquidity while using the bank’s machine-trading programs. Such internalisation not only broadens the available sources of liquidity for executing NDF algo
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