JPMorgan has introduced its Trading Algorithmic Optimizer (TAO), which determines and executes the most appropriate algorithms for trading a portfolio of stocks.
The bank says TAO offers anonymous trading while providing visibility and control at both the portfolio and individual ticker level.
"There is a growing demand for trading portfolios more efficiently," says Carl Carrie, head of product development in JPMorgan's global executions services group. "TAO represents the next generation of algorithmic trading and our most ambitious algorithmic client offering to date."
Since acquiring Neovest earlier this year, JPMorgan says it has integrated analytical research and content into the broker-neutral trading platform.