Interbank FX (IBFX) has added JP Morgan Securities as its newest dealer participant in its multi-bank liquidity feed. This brings the total number of contributing major money centre banks to seven, including Bank of America, Citi and Goldman Sachs.
The proprietary order routing system provides IBFX customers with access to liquidity and automatically executes trades with participating banks. JP Morgan is a market maker in 200 currency pairs in spot, outright forwards, non-deliverable forewards (NDFs), option contracts, cross-currency swaps and exotic currencies.
Todd Crosland, chairman and president of IBFX, says: “We strongly believe that JP Morgan’s vast expertise in currency products as well as their ability to provide fast, competitive and consistent pricing will greatly enhance our customer’s trading experience, as well as grant them even greater access to increased liquidity and world-class trading technology.”
JP Morgan’s prices are already streaming on IBFX’s trading platform for retail and institutional customers.