JonesTrading Deploys FlexOMS to Power Its Equities and Electronic Trading Businesses

FlexTrade Systems (FlexTrade), a global leader in multi-asset execution and order management systems, announced that JonesTrading, a leading global equity brokerage & capital markets firm, has successfully deployed FlexOMS as the new sell-side trading platform for its equities and electronic trading businesses. In addition, the FlexTrade multi-asset sell-side trading order management solution will also be the full-service technology platform for JonesTrading's outsourced trading offering.

Jones Trading provides a range of liquidity sources, electronic trading and execution management services globally. The company had previously decided to replace its incumbent sell-side OMS solution during Q3 of 2023 and selected FlexTrade's FlexOMS as the platform to expand its equities, outsourced, and electronic trading desks.

Jack Garceau, Chief Technology Officer at JonesTrading, stated: "Firstly, our aggressive timelines meant that we needed to work with a partner who understood our business and offered flexible yet powerful technology solutions to meet our requirements. That was essentially the baseline. Equally crucial in our decision was selecting a partner that could value-add in addition to the technology by offering the services and long-term relationships that we need to continue to build out our service offerings. To continue growing, FlexTrade was that reliable partner that could meet our business needs from a technology perspective and deliver in the contracted time frame that the project demanded."

Rajiv Kedia, Principal & Associate Founder at FlexTrade Systems, added: "We are delighted to welcome JonesTrading to the FlexOMS global client community and appreciate the confidence they placed in FlexTrade. It has been a pleasure working with the highly knowledgeable team at JonesTrading and we are happy to see this solution in place. It demonstrates clearly what can be achieved with a tight, synchronized approach between client and technology partner when implementing flexible, open OMS solutions. Our open-architecture, client-first approach has delivered cutting-edge trading technology and seamless straight-through processing to JonesTrading's multiple business lines. We look forward to partnering further with JonesTrading to optimize and expand their use of FlexOMS to other business areas."

FlexTrade has been constantly developing new solutions to cater market needs. Last month, the company had partnered Neuberger Berman, a private, independent investment manager, to launch a new issue management system, FlexNIMS​, for traders of public equity to plan, manage, and execute equity offerings.