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Jan 15, 2026 4:00 PM

JPMorgan Forms New Quant Unit As Electronic Trading Rivalry Intensifies

JPMorgan Chase & Co. (NYSE:JPM) is ramping up its defenses against fast-growing electronic trading rivals, forming a new quantitative trading and research group.

New Quant Group Targets Electronic Trading Edge

The bank has created a new quantitative trading and research group to strengthen data-driven and automated trading capabilities, Bloomberg reported on Thursday, citing an internal memo.

Chi Nzelu, formerly the global head of fixed income, currency, and commodities electronic trading, will lead the new group, taking over from ...