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JPMorgan to Provide Outside Vetting of FX Trades

London startup BestX will inspect the bank's algorithms.

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JPMorgan Chase & Co. says it’s the first dealer to give clients sophisticated outside analysis of their currency trades, betting they will like what they see and become repeat customers.

The bank has teamed with a London startup called BestX to inspect JPMorgan’s algorithms, giving outside confirmation they’re functioning as intended. The world’s second-largest currency trader says the independent, third-party analysis will be available to customers on Feb. 1.

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