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341 firms on file · 202 identified entity records 73 carry a published regulator notice

COUNTERPARTY FILE · last re-checked 2026-09

J.P. Morgan e-FX (Morgan Markets) — institutional liquidity provider

This record reflects the current operational status and self-reported metrics of J.P. Morgan's FX services.

JPMorgan Chase & Co. (FX via J.P. Morgan Securities LLC, US; J.P. Morgan Securities plc → J.P. Morgan Europe Ltd, UK) · New York, USA

evidence score
98/100

Licence, read literally

RegulatorLicence numberJurisdictionTierSource
SEC/FINRA (BrokerCheck, J.P. Morgan Securities LLC)8-35008UST1open source
FCA (J.P. Morgan Securities plc)155240UKT1open source
SEC (EDGAR, JPMorgan Chase & Co.)0000019617UST1open source
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.

Residuals a counterparty carries

2

  1. R01

    Self-measured FX volume figures

    J.P. Morgan reports $40 billion in daily FX volume, self-measured from their platform.

    Source: self-measured

  2. R02

    Unpublished venue information

    The specific interbank venues used by J.P. Morgan are not published on their FX pages.

    Source: firm disclosures page

The claims ledger

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

Testable claims

  • J.P. Morgan's FX platform trades a breadth of orders across 300+ currency pairs as a leading liquidity provider (jpmorgan.com markets/execute/fxtrading)
  • J.P. Morgan Markets Transact spans the complete pre-trade, trade and post-trade FX workflow, executing across 20 global J.P. Morgan branches (markets.jpmorgan.com)
  • JPMorgan Chase traces its founding to New York City's first water company in 1799 (jpmorganchase.com our-history)

Claims we cannot verify from outside

  • $40bn daily rates / FX volume figures on markets.jpmorgan.com (self-measured)
  • FX market-share rankings (self-measured)

Perimeter and coverage

Asset classes
FX spot, FX forwards, FX swaps, NDFs, FX options
Venues
EBS, Reuters, CME FX, CLS
Connectivity
FIX, REST/API, J.P. Morgan Markets (Transact) platform, FX Aggregator tool
Clients accepted
Banks, Institutional investors, Asset managers, Hedge funds, Corporates
Explicitly refused
Retail clients
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.