JP Morgan launches mobile forex platform
A new proprietary e-trading platform that allows clients to access real-time executable streaming foreign exchange rates (forex) from their desktops and Blackberry devices was launched on Wednesday by JP Morgan.
JP Morgan said the new platform will replace its previous FX trading service, JPEX. The principle change between MorganDirect and the old platform is a new pricing engine that produces real-time prices based on algorithms and controls.
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