Best bank site for money markets and deposits: JPMorgan
Highly commended: Deutsche Bank
Deutsche Bank’s AutobahnMM was exceptional again this year. It displays indicative prices for deposits from which the user can choose. The request is then immediately received by the bank’s trading desk and a response is sent back within seconds. The bank is also rolling out capabilities for trading commercial paper, certificates of deposit and bearer deposit notes. The user is also able to view the status of all trades.
The bank’s site offers post-trade services. After a trade is accepted online the user can route the payments into specific accounts. This can also be automated. In addition, the bank has developed an API so that the platform can connect directly with a client’s own system.
However, JPMorgan wins the award this year for its broad range of impressive electronic services for short-term paper. The bank’s comprehensive cross-product website, Morgan Markets, offers price discovery services for deposits and European and US commercial paper. It also has a trading and real-time analytics platform for fixed income, including short-term paper, called JPMorgan eXpress (JPeX).