JPMorgan delivers transaction cost analysis data over Bloomberg Professional
23 October 2006 | 2190 views | 0
Source: JPMorgan Chase
JPMorgan's Electronic Client Solutions ("ECS") announced today that it is the first firm to offer its Transaction Cost Analysis ("TCA") trading analytics directly through the BLOOMBERG PROFESSIONAL service.
"In today's complex marketplace, traders need tools that are readily available and simple to understand," says John Mackie, vice president of sales trading at JPMorgan. "To that extent, the availability of our TCA on Bloomberg enables us to deliver JPMorgan's proprietary trading cost and timing risk calculations directly to the more than 250,000 users of the BLOOMBERG PROFESSIONAL service worldwide."
After entering a few parameters into JPMorgan's TCA page, traders are provided estimates such as market impact, timing risk and the expected trade period. With one click, Bloomberg users can then access JPMorgan's complete suite of algorithms through the Bloomberg Execution Management System. Thus, a trader can generate an order from the TCA page and by clicking "ADD ORDER" use the Bloomberg Execution Management System to send the order to JPMorgan via FIX.
"We're constantly striving to deliver the most innovative and accessible electronic trading products," said Carl Carrie, head of product development in ECS. "Working with widely distributed platforms like Bloomberg is one of the reasons we've been so successful."