Future Finance
JPMorgan Arms Coders With Trading Licenses as Quants Advance
- U.S. bank has grown team of coders it started a few years ago
- ‘This is about convergence of the trader and quant’: JPM exec
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JPMorgan Chase & Co.’s army of coders have gained their deepest foothold on the trading floor, winning licenses to deal in equities.
The biggest U.S. bank got regulatory approvals this month for two coders in London and New York to trade cash equities, with plans for a further eight licenses globally by year-end.