JP Morgan Chase to launch white-label forex platform

Alongside HSBC, whose platform is due for launch at the end of September, JP Morgan will join Citigroup, Deutsche Bank, Barclays Capital and Dresdner Kleinwort Wasserstein as banks with live white-label services. The tool is used by the service providing bank’s client banks, which then offer it to their clients under their own brand name. The provider bank may supply liquidity for the platform, as well as the technology, depending on the client’s preference.

This provides "a means to outsour