The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

FX news: New algo tool on Bloomberg promoted as ‘next big wave’

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.”


Two new algorithmic strategies have also been added to the AlgoX suite: TWAP+, time-weighted average price with optimized execution; and TimeSlicer, a time-weighted average strategy.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree