JP Morgan takes derivatives online

JP Morgan and three partners are setting up a new online company that will help derivatives users value their portfolios on their own, reports the Financial Times.

Known as Cygnifi, the partnership will begin operating as a website today and plans to become an independent company by the end of the year.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It