• Home
  • News
  • Jones Trading Consolidates Middle Office Operations Across All Business Lines

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.

© 2024 Financial Information Forum

Press enter to search
Press enter to search

Interested in joining us?

Download membership kit

Key Reasons to Join

  1. Stay informed on Current Regulatory and Market Initiatives
  2. Drive Industry Issues to Successful Resolution
  3. Impact the implementation timing and methodology of new rules
  4. Apply FIF Insight Within Your Firm