JPMorgan launches FXPrime

First Published: e-Forex Magazine 14 / News / April, 2004

David PuthJPMorgan has announced the launch of FXPrime, a foreign exchange prime brokerage service aimed at serving hedge funds, pension funds, banks, broker-dealers and corporate currency managers. The JPMorgan service provides a new level of stability and streamlined capabilities in foreign exchange prime brokerage services. FXPrime allows JPMorgan’s clients to streamline their operational process and reduce their administrative requirements.“We will be backing FXPrime with JPMorgan’s extensive global capabilities, including the strength of its balance sheet,” said David Puth, global head of currency and commodities at JPMorgan. “By offering a full spectrum of services, leveraging JPMorgan’s recognized FX expertise and focusing on customer service, we aim to become a leading prime brokerage firm.” FXPrime is accessible through JPMorgan’s MorganMarkets Web site (www.morganmarkets.com) offering clients access from wherever they happen to be....continued

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