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 JPMorgans clients to streamline their operational process and reduce their administrative requirements.<br><br>We will be backing FXPrime with JPMorgans 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 JPMorgans recognized FX expertise and focusing on customer service, we aim to become a leading prime brokerage firm. FXPrime is accessible through JPMorgans MorganMarkets Web site (www.morganmarkets.com) offering clients access from wherever they happen to be.