JonesTrading consolidates middle office operations across all business lines with LBX Post-Trade Hub
NEW YORK and LOS ANGELES, May 23, 2024 – LiquidityBook, a leading provider of cloud-native buy- and sell-side trading solutions, announced today that JonesTrading 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, JonesTrading has worked with LiquidityBook since 2014. Having now expanded this long-standing relationship by rolling out LiquidityBook’s middle office offering, JonesTrading 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
JonesTrading’s CTO, Jack Garceau, commented, “We are excited to have expanded our relationship with the team at LiquidityBook, who have proven themselves to be partners to our business time and again. The LBX platform’s flexible architecture and API framework have allowed us to easily integrate it with our existing technology and workflows. This has made the onboarding process as seamless as possible, and the LiquidityBook team’s ability to meet every milestone on this project further validated our decision.”
LiquidityBook’s COO, Sayant Chatterjee, added, “The team at LiquidityBook is thrilled to have onboarded JonesTrading to LBX Post-Trade Hub, building upon our successes over the past 10 years. This is an important milestone for our sell-side middle office solutions and a testament to the interoperability and modularity of our framework, as well as the efficiency of our integration and onboarding processes.”
Chatterjee continued, “As we near the T+1 deadline, we are excited to continue helping firms achieve straight-through processing in addition to delivering new enhancements to our comprehensive range of cloud-native buy- and sell-side trading solutions.”
