JPMorgan Markets brings pre-trade, trade and post-trade functionality onto a single platform for the first time, representing a complete redesign and consolidation of the firm's existing e-trading offerings from front to back.

Troy Rohrbaugh, global head of FX & rates trading at the bank says: "By having a high degree of automation at every stage of a trade, clients will be able to focus on trading ideas rather than the increasing complexity of a post-regulatory world in trade execution, post-trade clearing, settlement and reporting."

The huge undertaking underlines JPMorgan's continual investment in electronic trading, and also in technology more generally, which typically has a budget of several billion US dollars each year. The bank believes that the high tech spend will be a competitive differentiator in an increasingly complex, highly regulated market, as sell-side institutions look for streamlined, efficient, and lower cost routes to trading venues.

Functionality available in the first phase roll-out includes pre-trade research and analytics, FX, rates, commodities trade execution and a number of post-trade services.

Other pre- to post-trade functionality will be added throughout the rest of the year, says the bank, with most existing clients and products fully on-board by the end of 2013.