Here’s a snippet from a really thought provoking article by Francesco Guerra (click here for the full article from yesterday’s FT – requires subscription or free registration) .
When, a few months ago, I asked Jes Staley, head of JPMorgan Chase’s investment bank, how his industry would survive in an era of lower returns, he answered with two words: “technology” and “revolution”.
Last week, Mr Staley put his servers where his mouth was. Speaking to a roomful of investors, he revealed that JPMorgan was midway through a five-year plan to reduce its foreign exchange trading platforms from 10 to 2 by using more efficient IT systems.
It raises a lot of questions…..firstly – is a move like this indicative of the growing trend towards single-dealer platforms, or does it represent an opportunity for SDPs?
Filed under: News, Single-Dealer Platforms, Technology Trends |
SingleDealerPlatforms.Org 
Good day! I could have sworn I’ve been to this blog before but after going through a few of the posts I realized it’s new to me.
Regardless, I’m certainly happy I came across it and I’ll be book-marking it and checking back frequently!