Outsourced Trading

Outsourced Trading provides investment managers a cost-effective solution for running their business, while providing direct access to liquidity and market intelligence.

JonesTrading Advantages

With JonesTrading Outsourced you have an expert and experienced trading desk, with broad and deep market knowledge, but without the costs and infrastructure. Our traders have an average of 20 years’ experience, both in sourcing natural liquidity and order handling.

We parallel your investment intent through our execution capability. Orders are always anonymous, and we optimize to provide the opportunity for best execution. Our relationship based model is truly uncompromised as we have no principal market makers, internal investment accounts or high frequency trading. We offer multiple trading solutions based on client investment thesis, asset allocation, and equity market strategy. These are backed by a sophisticated status dashboard, JonesView, and market research, CSAs, soft dollar, and Capital Introductions.

Recognition

JonesTrading Wins Best Outsourced Trading Solution at the HFM US Hedge Fund Services Awards 2020

Alan Hill, CEO of JonesTrading, said: “We are very proud being named Best Outsourced Trading Solution by HFM. We are grateful for the industry recognition of our commitment to excellence and the confidence our clients place in us. Our Outsourced Trading business is a major focus for our firm and we have built an exceptional team over the past five years. We’ve invested quite a bit in both the technology and the staff to offer our clients the highest level of service.”

US Services Award Winner 2020

Service Offerings

Trading Continuity

We’ve got you covered. Think of the continuity assurance that JonesTrading brings: we act as your own trading desk without the associated costs and infrastructure, with a dedicated trader assigned to you. Orders are seamlessly executed, immediately (even if there are business interruptions). We have 24/6 global coverage, and have access to electronic markets and the algos that best suit your trading intent. We also provide execution services, middle office functions, stock loan, reporting, and soft dollar management.

Regional Outsourced Trading

We offer cross border trading In Europe and Asia Pacific, regardless of where funds are domiciled. This includes access to local brokers’ trading flows, market color, and research as well as access to an extensive network of block liquidity anonymously or while gaining attribution with those executing brokers. And, if needed, we can provide targeted trading in regions that are non-core to the client’s main strategy.

Full Service Outsourced Trading

We assume all the responsibility – acting, in effect, as your internal trader. This includes managing directed trading and soft dollar budgets while handling all day-to-day execution and commission management. Clients utilize the platform to access our extensive broker network to either trade externally anonymously or for attribution with the executing broker. These execution services are backed with research, desk color, corporate access events, and capital market transactions from a network of third party brokers. And the integration is seamless, crafting workflow around your existing technology infrastructure.

Enterprise Outsourced Trading

For larger clients, we not only incorporate all aspects of our Full-Service Outsourced Trading but have an array of other support services. These include full sponsorship and integration of technology (e.g. EMS, PMS, OMS) and exclusive coverage by a team of dedicated traders. Clients have the option to have a JonesTrading employee resident in your offices or JonesTrading Outsourced Trading can hire a firm’s current internal traders.

Mr. Jeff LeVeen

Jeff LeVeen

Managing Director, Global Head of Outsourced Trading

Complete Bio
Mr. Brian Tafaro

Brian Tafaro

Managing Director, Headof Asia Pacific Trading

Complete Bio
Mr. Peter Sellers

Peter Sellers

Head of European Outsourced Trading

Complete Bio
Mr. Rich Mormile

Rich Mormile

Head of Capital Introductions for JonesTrading

Complete Bio

Questions Frequently Asked

Which asset classes do you trade?

US Equities, US Options, US Fixed Income, Futures, International Equities

What strategies do you support?

Equity Long/Short, Long Only, Quant, Macro, Arbitrage

What are the typical commission rates1?

North America: $0.005 – $0.02; EMEA: 3-7 bps; APAC: 7-12 bps

How many brokerage relationships do you maintain?

260+

What OMS Platforms do you work with?

Flexibility to work with all OMS Platforms (i.e. Eze, Enfusion, LiquidityBook, Bloomberg, etc.)

How long does it take to set up an account?

Typically 1-2 weeks

1Commission rates ranges are intended for illustrative purposes. Actual rates incorporate several factors and may vary dependent upon client’s size and volumes.

Outsourced trading offers clear cost savings over internal hiring and improves execution quality.

Many firms are currently or planning to outsource all or part of their trading. We can even place traders at clients and we offer prime broker and cap intro consulting.

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An Outsourced Trading desk is well positioned to navigate trading decisions while emphasizing best execution.

Asset managers must understand and adhere to their own best execution policies. But Outsourced Trading provides robust advantages in planning and achieving best ex objectives.

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Contact Us

Jeff LeVeen
leveen@jonestrading.com
212.907.5375