[ A L G O R I T H M I C
T R A D I N G
S U R V E Y ]
JP Morgan
J
half (49%) of the participating funds using JP Morgan’s
P Morgan is a New York-headquartered investment
algos manage over US$50 billion in assets, and 62% trade
bank. The company has a presence in over 100 markets,
at least half of their portfolios’ value algorithmically. JP
with over 250,000 employees. JP Morgan offers clients a
Morgan’s scores have increased in every category year
variety of equity algos, including Aqua for equities, Aqua
over year. Most notably, the largest gains are observed in
Blocks for accessing block liquidity, and JPM-X, a fully
customer support (0.96), algo monitoring capabili-
dark continuous crossing platform. The bank’s FX
ties (0.77), execution consistency (0.65), and cost
algos have gotten a lot of attention as of late and
(0.60). With an average score of 5.77, JP Mor-
include a hybrid FX algo offering designed to
Average
gan garners 0.06 above the survey average.
manage cost and access liquidity.
Score
The company ranks sixth versus other algo
JP Morgan ranks ninth on the list of algo-
providers, up 0.49 from 12 months ago.
rithmic trading solutions providers, receiving
32 responses from long-only managers. Nearly
5.77
JP MORGAN RATINGS FOR ALGORITHMIC PERFORMANCE
Increased trader
productivity Reduced market
impact Execution
consistency Cost Speed Anonymity Price improvement Customisation
5.68 5.48 5.83 5.76 5.81 5.72 5.52 5.60
Ease of use Data on venue/order routing
logic or analysis Customer
support Execution
consulting Dark pool
access Flexibility and sophistication of
smart order routing Algo monitoring
capabilities
6.09 5.86 6.10 5.63 5.91 5.72 5.83
KEY STATS
6.10 5.48 0.96 0.20
Highest score
(customer
support) Lowest score
(reduced market
impact) Most improved
(customer
support) Least improved
(reduce market
impact)
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