JP Morgan won't use non-bank liquidity providers in internal FX pool for now
The need for control and transparency, and the size of the franchise means the bank has no wish to add external liquidity
Despite JP Morgan forming a technology partnership with non-bank market-maker Virtu Financial in the US Treasuries markets, it currently has no plans to use third-party liquidity in its internal foreign exchange pool, the heads of the bank's e-FX desk told FX Week in an interview.
"We don't currently see the need for external providers to feed into our internal liquidity pool, because we are fortunate to have built a franchise that has the depth to meet most client demand, and we prefer being
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