JP Morgan has launched an iPhone application for its institutional foreign exchange and rates trading platform MorganDirect.
Approved users of MorganDirect can log into their account and obtain the full functionality on offer. Other users can select the ‘view only’ trial mode to see FX rates updated real-time. They can also register direct from their iPhone to become a client and trade via MorganDirect.
MorganDirect provides an access to real-time executable streaming rates for spot, forward, swap and option transactions for over 300 currency pairs and combines access to liquidity and straight through processing.
A free trial of the MorganDirect application can be downloaded via the App Store by using the search terms: MD Pro, MorganDirect and JP Morgan. Moreover, the trading platform is already accessible via Blackberry and a client’s desktop.
James Taylor, global head of FX e-commerce distribution at JP Morgan, said: “We are excited that MorganDirect is the first institutional FX trading platform to be made available via iPhone, allowing traders to remain in touch with the FX market 24 hours a day from any location. For the FX professional, the touchscreen and landscape mode make MorganDirect on the iPhone a powerful tool.”