JPMorgan Debuts TAO; Algorithmic Tool for Portfolio Trading

New York, November 1, 2005 - JPMorgan announced today the debut of Trading Algorithmic Optimizer (TAO), which determines and executes the most appropriate algorithms for trading a portfolio of stocks. TAO offers anonymous trading while providing visibility and control at both the portfolio and individual ticker level.

“There is a growing demand for trading portfolios more efficiently,” said Carl Carrie, head of product development in JPMorgan’s global executions services group. “TAO represents the next generation of algorithmic trading and our most ambitious algorithmic client offering to date.”

Since acquiring Neovest earlier this year, JPMorgan has integrated analytical research and content into the broker-neutral trading platform. TAO is the firm’s latest algorithmic offering and newest addition to the growing product suite.

In addition to Neovest and morganmarkets.com, TAO is accessible through several leading order management systems. For more information regarding TAO and JPMorgan’s electronic trading services, visit us at jpmorganequities.com or email us at: ges-ny@jpmorgan.com.

JPMorgan Chase & Co. (NYSE: JPM) 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 has its corporate headquarters in New York and its U.S. consumer 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.

Contact Information

Joseph Evangelisti

Global Media Relations

JPMorgan Chase & Co.

Contact via E-mail