JPMorgan resumes equity broking in Pakistan

Reza Rahim from JPMorgan in Pakistan explains why the firm has decided to offer onshore cash equity broking and derivative products to its clients.

JPMorgan announced today that it has strengthened its presence in Pakistan with the launch of an onshore cash equity broking operation. This is in addition to JPMorganÆs derivatives business, Pakistan Access Products, which also commenced operation in February.

JPMorgan launched macro-economic and equity research coverage earlier this year, and is the only foreign investment bank to have a research coverage and sales team onshore. On the derivatives side, JPMorgan provides global financial institutions and hedge funds...

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