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Smart Order Routing

JPM Launches Real-Time Order Transparency Tool

Clients will able to view the information in real-time via “routes reports” and deconstruct their orders to analyse their trading performance.

Daniel Ciment, global head of equities execution services at JP Morgan, said: "What we’re doing with JPMA+ is taking transparency to the next level. Clients are always asking us questions about how their orders are routed and for a long time we have delivered that information on a post-trade basis. Now they can see in real-time exactly what is happening to their trades.”

He added that delivering so much data to clients in real-time has been challenging but “will add a lot of value for clients because they can adapt much more quickly when they get this information in real-time.”

As well as offering transparency for order routing, the platform also provides aggregated pre-trade and post-trade analytics tools so clients can review their trades and assess the risks and costs associated with them.

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