In today’s FT, JP Morgan announces its derivatives trading re-engineering effort – 3 years in the making, and baking.
Is this what everyone else means when they say preparing for regulatory compliance?
But this is what competitive differentiation looks like for JPM, so far (apparently):
– 4 technology program pillars (and 24 workstreams) of a strategic re-engineering effort (sponsor: J. Dimon).
– Market making rationalization – one primary market maker for each asset class regardless of eventual risk owner.