Continued development of JPMorgan eXpress FX
JPMorgan is continuing to develop its JPMorgan eXpress FX platform and has recently added the ability to leave on-line orders.
JPMorgan is continuing to develop its JPMorgan eXpress FX platform and has recently added the ability to leave on-line orders. The 'Leave Orders' service includes flexible, automated order functionality. Users will be able to place 'Limit', 'At Best' and 'Stop Loss' orders. The orders will be automatically filled by JPMorgan.<br><br>
Automating the order process will save time since there is no need for confirmation over the phone once the order has been filled says Elena Theodorou Head of FX eCommerce Sales EMEA. The process will eliminate errors and facilitate Straight Through Processing (STP). Placing orders via JPMorgan eXpress FX enables complete trading records to be maintained electronically for ease of reporting and monitoring. Additional functionality includes partial fill. Clients will be able to see the status of the order, along with a visual display of the tranche executed. JPMorgan's increasing investment in its e-commerce offering compliments its recent spate of hiring to its e-sales teams globally.