JP Morgan’s race to simplify FX options trading
Fewer clicks, more automation win systematic clients and boost electronic volumes
In the ongoing arm-wrestle between single- and multi-dealer platforms, the latter have an inbuilt advantage. MDPs allow users to obtain prices from a range of competing firms.
But SDPs have their own edge. They can offer an array of complementary services – not just prices – and they have access to the deeper pockets and tech resources of an international bank. JP Morgan has been using this edge in the FX options market.
“Before, an SDP was somewhere you could input your instrument, get a price
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