JP Morgan has made its execution services tool for FX algos, called Algo Central, available on the Bloomberg App Portal.
Bloomberg Terminal subscribers globally can access the Bloomberg App Portal, so by making Algo Central available on the portal, JP Morgan is offering additional choice of where its clients can access its FX algo execution tools.
Algo Central, previously only available via the JP Morgan Markets Execute platform, provides access to the firm’s pre-trade, real-time, and post-trade analytics and allows investors to manage multiple algo strategies simultaneously.
Richard James, co-head of macro markets execution at JP Morgan, says: “Algo Central gives clients easy access to our algo execution suite, which provides enhanced analytics and greater execution controls enabling them to amend and adjust their execution strategies in real time. While Algo Central is available through our trading platform Execute, in order to enhance choice for our clients, the tool is also accessible on the Bloomberg App Portal. Integration with Bloomberg Terminal user authentication services and FX execution capabilities enables us to deliver a value-added service to the global financial community as a feature of the Terminal.”
He adds: “Client usage of FX algo strategies has grown at an unrivalled pace over the last 18 months, driven by increased awareness of the benefits of algo execution, a more analytical approach to evidencing best execution and advances in pre-trade TCA tools.”
Mike King, global business head for Bloomberg App Portal, comments: “Bloomberg’s collaboration with JP Morgan is a prime example of the value clients receive when dealers integrate their proprietary analytics with the App Portal: an integrated workflow with functionality that they control, combined with the powerful combination of data and analytics of the terminal. Algo Central is the first institutional FX algo execution services application offered by a global bank on the App Portal today.”