JPMORGAN’S FUTURES & OPTIONS GOES LIVE WITH AUTOMATED TRADING POWERED BY APAMA TECHNOLOGY

London, 22 June 2004 - JPMorgan announced today that it has gone live with Apama (UK) Limited’s suite of Trading Strategy Management technologies within its global Futures & Options trading operations.

Apama’s technology enables traders to dynamically remodel their strategies to take advantage of new, real-time opportunities for arbitrage and program trading. Such technology helps JPMorgan’s Futures & Options traders analyse, evaluate and respond to events within a sub-millisecond timeframe, significantly enhancing trading capability for clients globally.

JPMorgan’s partnership with Apama is a strategic step towards the expansion of electronic trading for the firm’s Futures & Option’s business.

Alison Pothier, Global Head of Electronic Trading for Futures & Options at JPMorgan, said: "This technology allows JPMorgan to differentiate itself through the provision of value-added trade ideas and sophisticated trading tools. As an engine, Apama is an enabler allowing JPMorgan to leverage its investment in global trading connectivity to provide advanced modelling and execution services."

The Apama technology is helping JPMorgan to lower the cost and time to roll out new trading strategies, and to compete in the increasingly complex trading market, both for internal users and for JPMorgan’s customers.

Peter Beard, CEO, Apama (UK) Limited, says: "The successful implementation of Apama technology within JPMorgan shows the strength of our products and underlines the true need for real-time, business-focused trading technology. To create competitive advantage in the etrading marketplace requires the combination of the right kind of real-time decision enhancing technology - Apama - and the institutional knowledge and expertise that JPMorgan has developed."

For further information please contact:
JP Morgan: Sarah Oppler
Tel: +44 (0)20 7325 3644
Katie Ainsworth
Tel: +44 (0)20 7734 9199
Mob: +44(0)7739 116524

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