J.P. Morgan e-FX (Morgan Markets)
J.P. Morgan e-FX is a Tier-1 bank liquidity provider across 300+ currency pairs.
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 · last re-checked 2026-09 · evidence score 98/100
Licence, read on the register
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| SEC/FINRA (BrokerCheck, J.P. Morgan Securities LLC) | 8-35008 | US | tier-1 | open source ↗ |
| FCA (J.P. Morgan Securities plc) | 155240 | UK | tier-1 | open source ↗ |
| SEC (EDGAR, JPMorgan Chase & Co.) | 0000019617 | US | tier-1 | open 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. Rows without a tier are recorded without classification rather than guessed.
Where the published model fits
- Institutional investors seeking robust FX solutions
- Hedge funds requiring high-volume trading
- Corporates needing multi-currency management
Watch for
- Verification of self-measured FX volume claims
- Licensing tier implications for client types
J.P. Morgan e-FX operates under multiple Tier-1 licenses in the US and UK, facilitating a wide range of FX products. The firm claims a self-measured daily FX volume of $40 billion, reflecting its significant market presence. Founded in 1799, it serves institutional clients but does not cater to retail customers.
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 that remain the venue's own measurement
- $40bn daily rates / FX volume figures on markets.jpmorgan.com (self-measured)
- FX market-share rankings (self-measured)
