Jones Trading Consolidates Middle Office Operations Across All Business Lines

Jones Trading has moved its firmwide middle office operations onto LiquidityBook’s LBX Post-Trade Hub, a suite of modular, cloud-native solutions for sell-side middle office operations. The two firms collaborated closely to go live in 3 months, an aggressive and necessary implementation timeline to retire a legacy solution that was in place for nearly 2 decades. LBX Post-Trade Hub will serve as a single, standalone middle office allocation system, interfacing with multiple front office OMS platforms and clearing brokers. A leading executing institutional broker-dealer and among the preeminent block trading firms globally, Jones Trading has worked with LiquidityBook since 2014. Having now expanded this long-standing relationship by rolling out LiquidityBook’s middle office offering, Jones Trading can:

• Receive trades from disparate OMS platforms and shape them correctly for multiple clearing brokers.
• Interface with CTM and third-party FIX networks to receive and match trades/allocation instructions from customers.
• Leverage LiquidityBook as a firm-wide reporting system for all trading & allocation activity.