Careers

11:48 AM
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

JPMorgan Executes CDS Trades Through MarketAxess’ Platform

JPMorgan Chase & Co. executed credit default swaps trades through MarketAxess' trading platform in a preview of how swaps deals are expected to be conducted on swap execution facilities, the companies said.

JPMorgan Chase & Co. executed credit default swaps trades through MarketAxess' trading platform in a preview of how swaps deals are expected to be conducted on swap execution facilities, the companies said.

The firms said some of the trades were cleared, while others were intermediated or remained bilateral. The deals, which included single-name CDS and credit index trades, were completed yesterday, the companies added.

"For the first time our global OTC clearing clients and JPMorgan's trading desks were able to transact in a fashion broadly consistent with the key principles of the global regulatory reform," Dale Braithwait, JPMorgan's global head of credit derivatives clearing said in a statement. "Our trade execution shows that we and are clients are prepared for the new regime, whatever for it ultimately takes."

JPMorgan said the deals were completed in the U.S. and Europe. As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.