J.P. Morgan’s Treasury Services business, a full-service provider of cash management, trade finance and treasury solutions, surpassed all expectations for two consecutive months and broke US dollar value record. The firm clears more than $5.05 trillion in a single day.
Over the last two months, the firm has seen an increase in clearing values and in the volume of US dollar clearing transactions. Flexible technology platform and robust business processes of J.P. Morgan contributed much to such financial results.
Due in large part to J.P. Morgan’s steady leadership and proven ability to thrive in the face of difficult economic conditions, we are seeing a real flight to quality, evidenced by these historic transaction milestones for the bank, says Greg Murray, executive director and product head for U.S. Dollar Clearing Business, J.P. Morgan Treasury Services.
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