This agreement will provide global distribution for JPMorgan to reach authorized Reuters clients with access to inventory and tradable real time prices on more than 3,700 fixed income securities in ten currencies and the ability to click and trade directly with JPMorgan from their Reuters market data display services.
JPMorgan eXpress is a fully electronic multi-asset trading platform, providing live, streaming tradable prices on a broad range of instruments including Government securities, Credit securities, Agencies, Structured Credit products, Structured Index products and Emerging Market sovereign and corporate securities. Reuters integration of JPeX uses JPMorgan's bond prices as a gateway to market liquidity and offers authorized users immediate execution in two way markets.
Bill Goldy, Executive Vice President, Fixed Income, Reuters, said, "Reuters is committed to providing the range of collaboration services requested by our customers, in this instance enabling JPMorgan to offer customers its full breadth of asset coverage and depth of trading capabilities without compromise. Reuters continues to enhance its position in Fixed Income, offering a global, neutral, cross-market distribution channel for the sell side and the best the market has to offer in decision support and trade tools for the buy side."
Tim Frost, head of credit trading in Europe, JPMorgan, said, "We are looking forward to working with Reuters to build upon their established market position in electronic trading. JPeX on Reuters will offer investors improved access to liquidity and trading functionality. In the coming months we plan to expand this offering to provide Reuters customers with seamless access to other JPMorgan fixed income services including research and analytics from MorganMarkets."