J.P. Morgan Ventures Energy Corporation Joins globalCOAL
LONDON AND SINGAPORE - 17 March 2009
globalCOAL announced today the addition of another Market Member to its online coal trading community: J.P. Morgan Ventures Energy Corporation.
J.P. Morgan Ventures Energy Corporation is a wholly-owned subsidiary of JPMorgan Chase & Co. (NYSE: JPM) - a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries.
"We are delighted to see a second JPMorgan entity join the globalCOAL platform", said Eoghan Cunningham, CEO of globalCOAL. "Despite difficult trading conditions in the global financial sector, investment banks' appetite for the underlying dynamics and volatility of the coal market remains strong. The financial players will continue to strengthen the coal market by providing much-needed liquidity."
J.P. Morgan Ventures Energy Corporation brings the total number of globalCOAL Market Members to 88.
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