Derivatives

Derivatives

The JonesTrading derivatives team offers world-class depth of expertise and enjoys long-standing relationships with the various participants in the derivatives markets. Our team of veteran derivative traders have established relationships with a broad range of institutional investors – from mutual and hedge funds to volatility funds and market makers – providing the JonesTrading client unrivaled access to liquidity. JonesTrading does not have the conflicts of a proprietary trading desk, which makes us best suited to help the client achieve their execution goals.

Jeff Micsky

Head of Global Derivatives

Mr. Micsky, CFA, joined JonesTrading in 2011 from Credit Suisse, and was named Head of Global Derivatives in 2014. He learned the derivatives business while working at hedge fund firm Pequot Capital from 2005 until 2009. At Pequot Capital, Mr. Micsky worked with analysts and portfolio managers to structure and trade equity option strategies around Pequot’s fundamental research driven view.

Derivatives Trading

Clients trading derivatives benefit from our extensive trade life cycle expertise. Pre-trade, our derivatives experts, dedicated to each client, assist in structuring options trades to best fit the client’s fundamental view. During trade execution, we execute via our network of liquidity providers. We act as agent to quote multiple market makers on behalf of our clients and we encourage price competition on all orders, even as we protect anonymity by serving as an intermediary. Finally, we provide post-trade monitoring. We track positions after execution, and make recommendations when applicable.

Commission Management Services

Options commissions on trades can pay CSAs because JonesTrading acts as agent. This is owing to the fact that JonesTrading sources capital for clients from third party market makers.

Clients utilize our Commission Management Services, which are fully customizable, to match your business needs. Clients have access to our real time commission report which tracks both soft dollars and commissions directed to our broker network for execution. This business is supported by our state of the art web-based technology and dedicated support team.

With JonesTrading, clients have control of the administration process, with 24 hour access to commission balances, monthly statements, trade detail and associated commission credits, as well as management of research payments. And, our broker neutral approach gives clients the ability to manage their soft dollar budgets across multiple brokers around the globe, all through single, web- based portal.

Contact Us

Jeff Micsky

jeffm@jonestrading.com
415.384.3509

Willie Cruz  

wcruz@jonestrading.com
843.414.8812  

Rob Zavell

robertz@jonestrading.com
212.267.0777

Andrew Burke   

aburke@jonestrading.com
203.629.3377

Dave O’Shaughnessey

doshaughnessy@jonestrading.com
203.629.3377