JP Morgan OEMS Neovest Acquires LayerOne Financial

JP Morgan subsidiary Neovest has moved to expand its capabilities in the hedge fund sphere with the acquisition of investment management platform LayerOne Financial according to a story in The Trade news.  The deal is intended to allow the multi-asset and broker neutral order and execution management platform to offer integrated execution, order and portfolio management services. Both Neovest and LayerOne Financial champion the open platform approach. Once integrated, the enhanced Neovest platform will be available to hedge funds in a modular format. Users will be able to send orders to their brokers, manage positions, monitor portfolios, and conduct risk assessments and compliance checks from a unified platform.