J P Morgan has expanded its eXpress bond trading platform to include live trading of US Treasuries. Building on recent launches in Japan and Europe, the US investment bank claims eXpress is the first electronic system offering a click and trade functionality for global government bonds from a single trading platform.
The service is currently offered via Bloomberg on JPEX with further information available on www.jpmorganexpress.com.
Richard Berliand, global head of marketing for J P Morgan's flow business remarks: "Driven by client demand, the product has expanded rapidly this year to include European strips and bond options. The addition of JGB's and US Treasuries through European hours is a huge step in differentiating ourselves from other electronic systems in the marketplace. The firm expects to offer global corporate and local market bonds in the near future."
Recent e-trading innovations involving J P Morgan include: BondClick, an electronic bond trading system with five other market makers; MarketAxesss, an independent company offering a multi-dealer fixed income transaction platform serving institutional investors; Securities.Hub, a company that hosts a series of online portals linking several securities firms and dealers with institutional investors; Creditex, a platform for the online trading of credit derivatives supplying information on the over-the-counter derivatives market and credit risk applications.