JPMorgan announced today that it launched a proprietary online algorithmic trading monitor.
The service, which has been integrated into JPMorgan's existing single stock pre-trade analytics offering, will enable clients to monitor their algorithmic trading strategies on a real-time basis via the worldwide web.
Andrew Freyre-Sanders, head of algorithmic trading in Europe at JPMorgan said: "This innovation gives dealers the ability to make decisions based on the performance and cost of their algorithmic trading strategies and is a further endorsement of our commitment to deliver market leading execution services globally."
JPMorgan has designed a suite of proprietary trading algorithms which can range from relatively simple execution algorithms that look at trading patterns for a particular equity, to extremely complex algorithms that calculate market move probabilities based on volatility and market impact. JPMorgan's current algorithms includes volume profile (VWAP), time slicing (TWAP), percent of volume, spread capture (Limit) and implementation shortfall algorithms.