Bloomberg reports that the bank is trying to boost electronic trading and increase commission pools to climb from sixth place in cash-equities trading, said Tim Throsby, global head of equities in London.
JPMorgan is ranked first in investment banking, equities origination, fixed income, commodities and currencies, while it comes second for derivatives products, according to research firm Coalition Ltd.
'One of the big themes for the firm is to bring cash equities up to that same level', Throsby said in an interview in London. 'There are some very obvious areas where we are working to improve, and where we think there is a great opportunity. Third or fourth place would be a realistic medium-term ambition, with second or third in the long term'.
The bank isn’t, however, planning to hire more staff to accomplish the task, he added.
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