JPMorgan Completes Acquisition of Neovest
New York, September 1, 2005 – JPMorgan announced today the completion of its acquisition of Neovest Holdings Inc., effective September 1, 2005. The acquisition of the trading technology company was announced on June 23, 2005.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM - News ) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com .
Neovest provides a comprehensive suite of financial technology services
to the buy- and sell-side communities. Neovest's technology encompasses
direct market access, advanced order management, real-time market data,
and advanced analytics in a comprehensive and robust application, which
includes advanced ECN and exchange aggregation, broker routing, crossing,
and algorithmic order routing aggregation. Tightly integrated with these
features is Neovest's industry leading analytics platform, which includes
superior charting, quotes, news, filtering/reverse filtering, and full
depth of book. Other Neovest features include basket/list trading, order
slicing, options execution, portfolio/risk management, and allocation and
bunching capabilities. Information about the company is available at www.neovest.com .