NEW YORK -- J.P. Morgan & Co. is launching a new systematic tool for risk management.

Morgan's Riskmetrics system, unveiled Monday, contains the volatility and correlation data needed to enable a firm to produce for each trading position an estimate of how much could be lost over the next 24 hours if the market moved in an unfavorable direction.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.