JPMorgan Bets on Algo Expansion in World’s Largest Bond Market
- Bank boosts Treasuries offering in execution, analytics tool
- Move comes as liquidity worries linger across US rates market
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JPMorgan Chase and Co. is expanding its algorithmic-trading offering to US Treasury investors, betting that computer-powered strategies can make further headway in the world’s most important bond market.
Execution algos assess prices in various venues to decide how and when to trade, often by splitting up a large transaction into smaller chunks. At banks like JPMorgan, they also look to make use of the dealer’s internal flow before going out to the broader market.