JPMorgan launches TransFix Benchmarking product

JPMorgan has announced the launch of TransFix.

October, 2004

JPMorgan has announced the launch of TransFix. TransFix provides clients with an efficient and transparent means to execute FX requirements at independently sourced and pre determined benchmarks. JPMorgan provide over 80 currency fixings, available throughout the trading day. Clients have the flexibility to choose between JPMorgan Fixing Rates (independently audited to SAS70 standards) or other market recognized fixings. Other fixings include: WMR, BOE, and ECB. TransFix is fully customizable with the ability to track orders, view statistics, create benchmarks and view orders real-time.
The JPMorgan benchmark is calculated using multiple data sources and statistical algorithms to remove outliers and anomalies to produce a depth weighted accurate market fix. TransFix is accessible through JPMorgan's MorganMarkets website ( JPMorgan's electronic execution capabilities combine access to market-leading liquidity, powerful trading tools and integrated STP to revolutionize the way our clients transact their business.