Cincom Smalltalk™ Helps JP Morgan Consistently Beat Their Competition
JP Morgan Chase is a leading financial services firm serving capital markets throughout the world. With assets of $2.45 trillion and a component of the Dow Jones Industrial Average, capabilities include investment banking, research, private equities, investment management, private banking, and treasury and security services.
As one of the world’s leading investment banks, it has extensive relationships with corporations, financial institutions, governments, and institutional investors worldwide. The firm provides a full range of investment banking and commercial banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt markets, sophisticated risk management, and market-making in cash securities and derivative instruments in all major capital markets. It also commits the firm’s own capital to proprietary investing and trading activities.
One of the key elements of JP Morgan’s success is based on one of its differentiators, the time-to-market of new products. Supporting this is a commitment to use information technology to provide this competitive advantage.
JPMorgan has developed Kapital, the world’s most advanced financial risk management and pricing system. The Kapital System is built on the Cincom Smalltalk #development platform.
Why Cincom Smalltalk?
JP Morgan chose Cincom VisualWorks over other main-stream development languages, including Java. What was it about Cincom Smalltalk that made JP Morgan make this decision? Productivity, scalability, portability and flexibility.
“… We have estimated that if we had built Kapital in another language, such as Java, we would require at least three times the amount of resources to develop and maintain the application.”
Using Cincom VisualWorks to develop Kapital, JP Morgan met the challenge of finding a development environment that deals with the complexity of its derivative products, delivers unparalleled productivity to stay ahead of the competition and offers the scalability to support extremely high trading volumes.
To learn why JPMorgan Chase & Co. chose Cincom Smalltalk, check out: