JPM Launches Real-Time Order Transparency Tool05.20.2016
Clients will able to view the information in real-time via “routes reports” and deconstruct their orders to analyse their trading performance.
Daniel Ciment, global head of equities execution services at JP Morgan, said: “What we’re doing with JPMA+ is taking transparency to the next level. Clients are always asking us questions about how their orders are routed and for a long time we have delivered that information on a post-trade basis. Now they can see in real-time exactly what is happening to their trades.”
He added that delivering so much data to clients in real-time has been challenging but “will add a lot of value for clients because they can adapt much more quickly when they get this information in real-time.”
As well as offering transparency for order routing, the platform also provides aggregated pre-trade and post-trade analytics tools so clients can review their trades and assess the risks and costs associated with them.
Instinet Fox River Quant Solution will initially be rolled out in the Americas.
Instinet's Anushree Laturkar says investing in research and analysis is key to improving client outcomes.
The new platform launched via a partnership with BestEx Research.
It is the first liquidity-seeking algorithm on Atlas, the equities trading platform introduced in 2019.
Strategy Studio allows brokers to create their own execution platforms.