JP Morgan to roll out IHS Markit macroeconomic data to trading clients

Trading and securities services clients will gain access to IHS Markit macroeconomic data via the JP Morgan DataQuery platform.

JP Morgan is set to expand its data platform for trading and securities services clients to include macroeconomic data from IHS Markit as part of a new integration.

Clients using the DataQuery platform will gain access to IHS Markit’s historical macroeconomic and recent market developments data with detailed economic analysis and cross-country comparisons on more than 200 countries. 

IHS Markit data will also contribute to DataQuery’s key indicator distribution series to provide insight into recent economic developments in 37 markets.

“IHS Markit’s experience in providing reliable information and forecasting expertise was a compelling factor in our desire to collaborate,” said Richard Crozier, head of product for data and analytics at JP Morgan. “The breadth and depth of IHS Markit’s Economics and Country Risk data will enable our clients to derive unique insights throughout the investment journey and serves as a critical component of our growing data inventory and platform.”

The JP Morgan DataQuery platform provides the banks trading clients with access to proprietary data and datasets from providers. It includes data visualisations and extraction across channels, market monitoring capabilities, and pre-trade analytical insights.

Last month, JP Morgan added environmental, social, and corporate governance (ESG) risk metrics from data science specialist RepRisk to DataQuery. The data included ESG risk data from more than 150,000 companies.

“This partnership will deliver easy-access to our suite of economic datasets, enabling customers of the DataQuery platform to conduct in-depth economic analysis,” said Patrick Thomson, head of economics & strategic planning solutions at IHS Markit. “Indeed, these are the datasets upon which we base our own economic and industry forecasts.”

News of the partnership with JP Morgan follows confirmation in November that index provider S&P Global will acquire IHS Markit as part of a landslide $44 billion deal that is expected to close in the second half of 2021.