Jefferies to Use
FutureTrade to Enhance JETS Offering
New York, NY and Lake Forest, CA - January 25, 2007 |
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FutureTrade, a leading independent
provider of electronic equity and option execution services,
today announced a strategic partnership with Jefferies, a global
investment bank and institutional securities firm, to offer
FutureTrade’s electronic trade execution management system
(EMS) to Jefferies’ Electronic Trading, Algorithmic and
Prime Brokerage customers. FutureTrade’s platform will
serve as a trading front end for Jefferies’ high performance
JETS (Jefferies Electronic Trading Solutions) product and Jefferies
Quantitative Execution Strategy (QES) algorithms.
“The addition of FutureTrade’s EMS enhances Jefferies’
overall trading capabilities and is complementary to our suite
of proprietary algorithmic trading strategies which include
valuable features specific to small and mid-cap securities,”
commented Ross Stevens, Co-head of Equity Products at Jefferies
& Company, Inc. “As a leading provider of liquidity
and execution in small and mid-cap securities for a global clientele,
we seek to offer world-class trading tools to our customers
while maximizing execution opportunities and controlling risk.”
“We are very excited to add Jefferies to our list of respected
LiquidityPATH partners and look forward to working with Jefferies
to enhance their electronic trading capabilities,” said
Jim Kwiatkowski, executive vice president of FutureTrade. “With
the accelerated adoption of electronic trading by institutions,
sophisticated electronic trading tools are essential components
for institutional brokerages to compete in today’s market.”
As an integral part of Jefferies’ electronic trading offerings,
FutureTrade’s functionality allows JETS users to easily
employ a wide variety of complex direct market access and algorithmic
trading strategies. Jefferies Quantitative Execution Strategies
(QES) algorithms offered through JETS front end provide greater
order control and flexibility, and include VWAP, Volume Participation,
TWAP, Strike, Seek, Post, Impact Management Server (IMS), Corporate
Buyback, and Custom Trading Strategies.
FutureTrade brings together market data, news, and analytics,
along with portfolio and risk management elements in a comprehensive
system, eliminating the need for multiple terminals and exchange
data fees. The platform integrates with multiple data vendors
and liquidity venues, offering a single point of access to multiple
ECNs, exchanges and broker/dealers, improved efficiency and
lower costs.
About FutureTrade
FutureTrade provides buy-side traders with a fully integrated
direct access trading platform for equities and options. Through
one platform, traders access liquidity on all major exchanges,
ECNs, ATSs, Market Makers, DOT and all major US Options Exchanges.
Users enter orders, get instantaneous executions, track multiple
portfolios, access market data efficiently, and see advanced
analytics -- all from a single integrated workstation. FutureTrade
facilitates real-time reporting of trade data making it an
ideal front-end to straight-through processing for buy-side
traders. Market conditions and system performance may delay
system access, real-time data and trade execution. Transactions
executed through FutureTrade Securities, a wholly owned subsidiary
of FutureTrade Technologies. Securities offered through FutureTrade
Securities, LLC. Member of NASD and SIPC. For more information,
please visit www.futuretrade.com.
About Jefferies
Jefferies, a global investment bank and institutional securities
firm, has served growing and mid-sized companies and their investors
for 45 years. Headquartered in New York, with more than 25 offices
around the world, Jefferies provides clients with capital markets
and financial advisory services, institutional brokerage, securities
research and asset management. The firm is a leading provider
of trade execution in equity, high yield, convertible and international
securities for institutional investors and high net worth individuals.
Jefferies & Company, Inc. is the principal operating subsidiary
of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).
Contact Information:
Jim Kwiatkowski, FutureTrade, (212)230-2501, jimk@futuretrade.com
Tom Tarrant, Jefferies & Company, Inc., (203)708-5989, ttarrant@jefferies.com
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