Raymond James Launches New Trading Platform

Raymond James has launched a new algorithmic trading platform for its institutional equities clients, MarketsMedia reports. The new product is known as Raymond James Electronic Trading or RJET. RJET contains a suite of 11 benchmarking and liquidity-seeking algorithms with additional algorithms to be added. The platform is being rolled out to the firm’s 1,000+ institutional clients, each with unique trading styles and execution needs to which RJET can be tailored.