As its relationship with Blythe Masters, the founder of the Swap derivative contract, ended with the selling of JPMorgan Chase & Co. (NYSE:JPM)’s commodity trading business, the bank might be longing for the good old days when market manipulation charges remained largely behind the scenes and Masters reigned supreme. In this new market environment JPMorgan’s trading revenue, like that of other large banks, has been having difficulty. The bank revealed that it will experience a “high teens” percentage drop in trading revenue, according to a Bloomberg report. The bank’s stock price was nicked today as a result. JPMorgan’s stock drops 2.83%…
Trading Revenue Down At JPMorgan
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.