JPMorgan announced Wednesday the extension of MorganDirect AlgoX, its algorithmic order execution tool, to the Bloomberg platform.
Eddie Wen, global head of e-commerce for FX and rates at JPMorgan says: “With AlgoX now available via both Bloomberg and MorganDirect, JPMorgan’s institutional FX and rates trading platform, traders have a choice of venues through which to access our algorithms. Algorithmic execution provides a way for clients to efficiently access liquidity and achieve optimal execution within the FX market and we believe it is the next big wave in e-commerce innovation.
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