JonesTrading, a global equity brokerage and capital markets firm, has deployed FlexTrade’s FlexOMS as its new sell-side trading platform for its equities and electronic trading businesses. The solution will also be the full-service technology platform for JonesTrading’s outsourced trading offering.
JonesTrading partners with more than 1,500 institutions and hedge funds, providing a range of liquidity sources, electronic trading and execution management services globally.
Using FlexOMS’s open architecture and API-driven technology, the solution has connected all of JonesTrading’s downstream systems, including reporting, accounting, best execution, and finance systems.
Jack Garceau, chief technology officer at JonesTrading, said: “Firstly, our aggressive timelines meant that we needed to work with a partner who understood our business and offered flexible yet powerful technology solutions to meet our requirements. That was essentially the baseline. Equally crucial in our decision was selecting a partner that could value-add in addition to the technology by offering the services and long-term relationships that we need to continue to build out our service offerings.”
Rajiv Kedia, principal and associate founder at FlexTrade Systems said: “Our open-architecture, client-first approach has delivered cutting-edge trading technology and seamless straight-through processing to JonesTrading’s multiple business lines. We look forward to partnering further with JonesTrading to optimise and expand their use of FlexOMS to other business areas.”
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