JonesTrading Institutional Services LLC, a leading institutional equity block trading and execution firm based in the United States announced today that it will open a London office as part of a strategic initiative to expand its services to Europe.
The move comes in response to client demand for regional expansion of the firm’s relationship based model for block trading and execution services as well as for the firm’s ancillary capital market and independent research services.
JonesTrading International Limited has been an FCA registered broker since 2002. JonesTrading is now expanding and will have a London office fully operational by Q2 2015. It will expand its client base with a focus on cross border trading between Europe and the U.S. and trading blocks in European ordinary equities. The effort is being led by Gary Cunningham. Gary has over 30 years of experience in the UK and U.S. equities markets, including time at the LSE, BZW, Robert Fleming and ABN Amro. Most recently Gary was CEO of Execution LLC’s U.S. based brokerage operations.
Over the course of the last several years JonesTrading expanded its international footprint, which began with initiatives in global trading based in the U.S., as well as an expansion into trading Asia securities. A staffed office in London is the next logical step in the ongoing process of growing the international operation.
Said Alan Hill, CEO, JonesTrading: "We are poised to provide our block trading relationship based model to European institutions – both traditional asset managers and hedge funds. With the continued shifts in global market structure, our ability, consistently proven over decades, to access liquidity and to build blocks designed to meet client intent is more essential than ever. Providing European clients with this capability will build our franchise, as we continue to align our interests solely with our clients’.”