JP Morgan tells HFTs: you’re ‘all finding homes’

But credit intermediation space has inefficiencies that more kill switches would address, conference hears

trading - home - Getty - web.jpg
Trading places: JP Morgan is confident HFTs will stay in business and find new FX prime brokers
FX Week montage

JP Morgan is confident that high-frequency traders (HFTs) will be able to stay in business and find new foreign exchange prime brokers (FXPBs) following Citi’s decision to give 90 days’ notice to the largest electronic market-makers in currencies.

Citi, JP Morgan’s largest competitor, was estimated to have a 40% share of the FXPB market. Citi culled several clients, including HFT firms, as part of a wider effort to reduce risk in its business, which suffered a reported $180 million loss last

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: