JP Morgan Defies All Odds to Dominate Forex with a 10%+ Market Share
[ lee joon suh 2020-08-19 ]  
Email
Print

According to data presented and published by ForexSchoolOnline, JP Morgan Chase & Co. is the leading firm in forex, holding a 10.78% market share. It is a significant improvement over its previous year's performance of 9.81%.

It is particularly noteworthy seeing as the second firm, UBS, scored 8.13% only. Interestingly too, JP Morgan had at the start of 2020 predicted low trading liquidity, citing low market volatility.

One of the possible reasons behind its impressive performance could be its implementation of machine learning in trading. In its aforementioned report, the firm had predicted that electronic trading volumes would increase from 74% in 2019 to 84% in 2020.

To harness this potential, it launched an eFX algorithm that seeks to minimize market impact on order placements.

Leading Banks Globally with a Margin of Over $100 Billion in Market Cap

JP Morgan is also more than $100 billion ahead of its competitors in terms of market capitalization. According to a report published in July 2020, the bank has a market cap of $433 billion.

Bank of America comes in a distant second with $306.7 billion while ICBC is third at $290 billion.

The full story, statistics and information can be found here: https://www.forexschoolonline.com/jp-morgan-defies-all-odds-to-dominate-forex-with-a-10-market-share/

This article is an unedited press release.

Global News Network 'AVING'
by lee joon suh (www.aving.net)

Copyright ⓒ 2020 AVING. All Rights Reserved.   메일보내기 인쇄하기
  AVING Around the World  
 http://www.naver.com 
 http://www.naver.com 
 http://www.naver.com 
 http://www.naver.com 
    latest Mobile/Computing
[Pangyo Hot Issue] Kakao Games-Wemade conclude strategic busi... 2020-09-17
Kakao Games and Wemade are gathering their strengths to successfully launch Wemade's Mir 4.
AMD President and CEO Dr. Lisa Su to Keynote at CES 2021 2020-09-17
Association (CTA)® today announced that AMD President and CEO Dr. Lisa Su will keynote during CES® 2021, the world's mos
[Pangyo Technovalley, Innovation hub in ASIA] Intel AI Powers... 2020-09-16
Samsung Medison and Intel are collaborating on new smart workflow solutions to improve obstetric measurements that contr
[Pangyo Technovalley, Innovation Hub in ASIA] SK Planet joint... 2020-09-14
SK Planet (President Lee Han-sang, www.skplanet.com) located in Pangyo, the innovation hub in Asia, will be working with
[Pangyo Hot Issue] Kakao Commerce reveals 100-day performance... 2020-09-11
Kakao Shopping Live, operated by Kakao Commerce (CEO Hong Eun-taek), is presenting specialized live commerce by diversif
 
     
   
     

 
Copyright ⓒ 2020 AVING. All Rights Reserved.  Contact Webmaster for more Information