Block trading specialists JonesTrading Institutional Services has implemented Fidessa's global trading technologies to grow its international trading business.PARA_BREAK_SENTINEL_9f8e7d6c Block trading specialists JonesTrading Institutional Services has implemented Fidessa's global trading technologies to grow its international trading business. The firm will focus initially on providing its clients with 24/6 execution services in Europe, Asia and Canada, expanding into additional regions based on client demand. Fidessa's global trading service will enable JonesTrading to execute large baskets of international, as well as domestic securities for its clients.
JonesTrading has deployed Fidessa's global trading service and programme trading technologies to support the activities of the firm's recently launched international trading desk. These services come fully integrated with their Fidessa trading platform in the US.
JonesTrading Canada will also be implementing the Fidessa trading platform at their Toronto office. The Fidessa Canadian trading platform will provide JonesTrading Canada with electronic cross-border order management, smart routing, real-time market data, middle office capabilities, position keeping, risk management and compliance.
'JonesTrading has developed a leading block equities trading business by focusing on strong relationships and experienced sales traders,' says Will Geyer, president and chief executive at JonesTrading Institutional Services. 'Our strategy is to take that model and apply it globally across all asset classes. Fidessa represented the best-of-breed product set and focused on making our priorities their priorities. Fidessa's hosted trading platform provides a strong foundation, enabling our traders to communicate more efficiently and enhancing their ability to optimally manage increased order flow across international markets.'
David Polen, senior vice president of hosted product marketing at Fidessa, adds: 'We have worked diligently to understand JonesTrading's requirements and vision. We are proud to be helping them navigate and adapt to the international trading landscape by providing them with a spectrum of robust and scaleable trading solutions. These solutions enhance their traders' specific expertise in block trading and enable them to provide their clients with a one-stop-shop for all their execution needs.'
Fidessa's global trading service is fully integrated with Fidessa's trading platform, giving traders a consolidated view of both their international and domestic orders and positions.
Exploiting the volatility premium through systematic strategies
With over $2bn in AUM just two years after launch, Empureon is leveraging volatility premiums, portfolio hedging and portable alpha to…
More
Alternative Views Ahmet Peker and Daniel Lucke
In Alternative Views Hedgeweek®,goes behind closed doors with those in the know to get the latest on hedge funds. Today, we speak to Ahmet…
More
Removing human bias from an concentrated market
Mast Investments outline how systematic investment processes seek to reduce behavioural biases while identifying opportunities created by…
More