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- JP Morgan: "High Frequency Predator Traders Feast Upon The Signals Of Others"
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2012-06-21 — wsj.com
The New York company has substantially reduced its exposure to a credit derivatives index known as the CDX.NA.IG.9 this month, according to people familiar with the trading.
...
Data provided by Markit show that $31 billion of trades in the index maturing in 2017 took place Tuesday--an unusually large volume in a market where daily trading in those contracts usually is in the $1 billion to $5 billion range. The data don't specify which firms were behind the volume, but traders said the Tuesday trades likely involved J.P. Morgan.
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