JP Morgan Partnering with Fintech Virtu on Treasuries

Note from the CEO:  JP Morgan and Virtu Financial have teamed up to wade into the water of computerized trading for U.S. Treasury instruments. Should it go as well as they think, it is not a far reach into Forex and other markets.

“JPMorgan Chase & Co. will use a computerized trading firm’s technology to access and trade in the U.S. Treasury market, marking a further step in the transformation of markets by electronic specialists.

The New York bank is partnering with Virtu Financial Inc., one of the biggest electronic trading companies, according to a statement on Wednesday. The agreement, which lasts at least three years, allows JPMorgan to use Virtu’s technology in the dealer-to-dealer market.”

Read Full Article at Bloomberg