Credit Suisse, Goldman Sachs and JP Morgan clear first SOFR swaps with LCH
Major investment banks clear the first US interest rate swaps using US Libor alternative benchmark SOFR.
Tag: JP Morgan
Buy-Side
Buy-side voluntary clearing set to take off
Regulation and collateral costs have made the cleared derivatives market much more attractive for the buy-side. Joe Parsons asks what else will it take for them to voluntarily take part?
LCH adds JP Morgan as first US bank to CDS clearing service
JP Morgan is using LCH CDSClear to act as a clearing broker in credit default swaps for Swedish pension fund AMF.
Buy-Side
Neil Joseph: Optimising equity execution
Neil Joseph, European head of equity trading at JP Morgan Asset Management, talks to John Brazier about his 16 years at the business, the underlying importance of new trading technology and how the desk is handling ever-increasing volumes.
JP Morgan fined $65 million for rigging ISDAFIX
Traders at JP Morgan allegedly traded at the 11.00am fixing time to manipulate the USD ISDAFIX interest rate swaps benchmark.
AI post-trade derivatives platform launches after first buy-side transaction
Trades by JP Morgan and Citadel processed by ‘no-touch’ platform designed to remove post-trade manual processes.
JP Morgan outlines China ambitions with new ventures
Mark Leung appointed as chief executive of JP Morgan’s China business including new securities venture.
Transparency concerns linger around artificial intelligence despite proposed industry benefits
Speakers at this year’s TradeTech conference were keen to extol the virtues of artificial intelligence and machine learning, but perceptions around transparency and trust must be addressed.
JP Morgan sees surge in European electronic trading as MiFID II takes effect
CFO Marianne Lake says JP Morgan has witnessed ‘material increase’ in electronic trading in the first quarter this year.
JP Morgan trading team develops machine learning model for equity desk
Asia Pacific equity trading desk at JP Morgan Asset Management is seeking to have 50% of trading flow driven by machine learning by the end of the year.