The TRADE 63 - Q1 2020 | Page 89

[ 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) Issue 63 // thetradenews.com // 89