JPMorgan is a consistent leader in derivatives markets, and its performance on the web is no different. Other banks can match it in particular areas but in terms of offering a broad online derivatives package, none can compete.
The basis for JPMorgan’s success is MorganMarkets, its cross-product research portal. Though others have come close, no other bank has yet put together a research portal so integrated, so easy to navigate, and so stuffed with useful tools and data. In the past year, the bank has been devoting its efforts to bringing this range of material more closely together – putting all its tools in one place, and making sure they are all embedded in a logical structure.
The research site’s internal usage proves its value. Its pre-analysis technology automatically scans swathes of data each day, picks anomalies that could turn into trades and highlights the most promising.
That technology is now trusted by the bank’s analysts as their gateway into the bank’s data.
Kamran Moghadam, head of European derivatives strategy at JPMorgan, says: “The web is now the starting-point as far as our work as strategists is concerned. We scan the reports that the site generates automatically and then use them as the basis for investigating and creating trade ideas.”
Several more specialized platforms are also accessible from MorganMarkets. The credit derivatives site, including price delivery system Orbit, for example, won its award comfortably. The bank’s swaps capabilities online came close to victory too, with excellent pricing, hedge analysis and market information tools, as well as an impressive range of custom-made sites to help particular clients solve particular problems.
In exchange traded derivatives, meanwhile, JPMorgan only narrowly missed repeating last year’s victory. The bank offers clients an exceptionally good suite of applications to suit all levels of users, from the inexperienced first-time derivatives user to the most seasoned proprietary trader or hedge fund.
Some banks have won individual categories, but JPMorgan has almost invariably been close behind. No other bank can match this strength across all derivatives markets.
In the derivatives categories, JPMorgan also won best site for derivatives research and analytics, and best site for credit derivatives. It was runner-up in ETDs trading and swaps. For more information and descriptions of these sites, visit www.euromoney.com.
