JP Morgan Expands Buy-side Data Platform to Examine Execution Costs

JP Morgan has expanded its data platform for buy-side trading clients with a tool that helps firms evaluate execution costs through a new partnership with TradingHub. Clients of JP Morgan’s open data and analytics platform will gain access to TradingHub’s newly launched Transaction Efficiency and Accuracy Monitor (TEAM). TEAM allows firms to examine execution costs at order, trade, instrument, or asset class level to compare against peers anonymously or on a permissioned basis. It aims to lower costs using a proprietary model that helps them to determine intraday pricing across assets and identify the broker providing the best execution.