**[JPMorgan Forms New Quantitative Team to Compete with Non-Bank Giants and Expand Electronic Trading]** According to a report by Jinse Finance, JPMorgan has established a new quantitative trading and research team aimed at accelerating its development in the electronic trading sector and countering competition from non-bank rivals. According to an internal memo released on Thursday, Chi Nzelu, who previously served as the Global Head of Fixed Income, Currencies, and Commodities Electronic Trading, will lead this initiative. Former Head of Quantitative Research Olivier Robert will assist with the transition before "pursuing other opportunities." Pranav Thakur, JPMorgan's Global Head of Markets, stated: "Our goal is to position JPMorgan as a leader in systematic, data-driven trading." JPMorgan operates the largest trading business on Wall Street, with its 2025 revenue recently hitting a record high of $35.8 billion. However, in recent years, as markets have become increasingly electronic, non-bank market makers like Citadel Securities and Jane Street have rapidly expanded in scale and profited from this trend.