JPM Morgan Money Adds GLMX
A press release titled, "J.P. Morgan Asset Management Enhances Morgan Money with Expanded Access to Diverse Asset Classes and subtitled, "Collaboration with GLMX to offer clients a broader range of money market instruments," explains, "J.P. Morgan Asset Management ... announced an enhancement to its open architecture, short-term investment management platform, Morgan Money, through a strategic partnership with GLMX, a global money market trading platform. Morgan Money clients can now seamlessly access GLMX's advanced money market trading technology directly on Morgan Money. The integration will broaden short-term investment options and offer a comprehensive suite of money market instruments, including money market funds, repurchase agreements, time deposits, CDs, CP, and government securities." Paul Przybylski, Head of Product and Morgan Money for Global Liquidity at J.P. Morgan Asset Management, comments, "Morgan Money clients will now have access to a wider range of short-term investment options while also benefiting from our cutting-edge research and analysis tools. This collaboration underscores our commitment to providing clients with innovative solutions that enhance their investment capabilities and operational efficiency." The release continues, "Morgan Money is a global trading platform designed to offer robust short-term investment management solutions. Tailored for institutional investors, Morgan Money enables efficient liquidity and cash investment management, helping clients achieve more with fewer resources. The platform, which has $313 billion in AUM as of 6/30/2024, is committed to innovation and consistently strives to deliver an exceptional client experience, making it a forward-looking solution in the realm of treasury and cash management." GLMX CEO Glenn Havlicek adds, "Cash as an asset class and access to diverse liquidity pools in a single application are consistent themes we hear across the global front-end markets. This collaboration with J.P. Morgan Asset Management is a result of investors' desire to access the entire investible universe of short-term instruments with a seamless experience. We bring GLMX's $3 trillion ecosystem to J.P. Morgan's client base as we seek to collaborate with industry leaders to provide innovative and easily accessible solutions for our collective clients."
