NEW YORK — Bank of America and J.P. Morgan Chase & Co. are investing $5 million each in second-round financing of FinancialOxygen.

FinancialOxygen, of Walnut Creek, Calif., makes software for the trading of wholesale products such as federal funds, repurchase agreements, and money funds. Its clients are midsize banks, thrifts, and credit unions that offer capital markets products from other institutions, including Bank of America, J.P. Morgan Chase.

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