Electronic Trading
The Innovation Lab for our Electronic Ecosystem
“Algos are a commodity. Our goal is thoughtful approach to liquidity, by understanding our clients’ objectives so that we can design and structure more efficient algorithms.”
–Packy Jones, Executive Chairman, JonesTrading
Your portfolio, Your Trade, Your Algo
Rooted in Troy Draizen’s advanced training in microbiology, JET is a continuous learning laboratory for trading performance.
- A thoughtful approach to liquidity, it “particularizes” algos for each client. Through deep reinforcement machine learning neural networks remember the performance of each order, then refine/adjust to preserve alpha.
- Through constant innovation, any client-driven changes, news, and events
also evolve the algos. - Through our commitment to JonesTrading culture, it accesses liquidity where it resides.
Looking Closer at the Data
Volatility, Cost, and Your Performance.
Differences in volatility, spread, and estimated impact on Arrival and VWAP. Volatility raises trading costs. JET develops algos to navigate volatility, tied to client intent, strategy and style – resulting in the opportunity for better execution in uncertain markets.
Industry Recognition
Congratulations to Troy Draizen and his team for winning Best Newcomer for our Jet Algo Suite at the 2022 HFM Quant Service Award.
Troy Draizen, Managing Director, Global Head of Electronic Trading, said: “Our clients rely on innovation, even as we remain committed to a relationship approach. This industry recognition reflects the innovation of JET – an electronic program which particularizes electronic algos for each client. That customization is rooted in our relationship model.”
Why Electronic Trading Now at JonesTrading?
JET is a fundamentally different way to execute trades electronically. Moving beyond today’s current commoditized algos, JET redefines electronic trading by developing an ecosystem – a hybrid where human intellectual capital and electronic capability merge for optimal trading outcomes.
About Troy Draizen
Troy Draizen is JonesTrading’s Managing Director, Global Head of Electronic Trading in the firm’s New York office. Mr. Draizen has over fifteen years of experience helping clients outperform their trading objectives by delivering electronic trading excellence through customizing next-generation algorithms, and providing data-driven recommendations to support decision-making. Prior to joining JonesTrading, he was a Managing Director at Cowen in Global Equity Trading and previously held Managing Director roles at Convergex and KCG.
Questions Frequently Asked
Can you build a particularized strategy for my fund?
Yes, it’s your portfolio, your trade, and we will make it your algo, we will work with you to customize a strategy that fits your ethos and trading objectives.
Do you leverage artificial intelligence / machine learning?
Yes, we leverage Deep Reinforcement Learning.
Can you provide pre and post trade analytics?
Yes, we provide trade analytics to our client from both an internal system and also from a third party to ensure uniformity within the data sets.
What are the asset classes supported?
US Equities and US Options currently available with more to come in future!
What are the OMS/ EMS platforms supported?
All major EMS and OMS systems have the jet algorithmic strategies.
What types of models are clients using?
Clients use all models in which are strategies can help trade their portfolio – ranging from Long Only, L/S, systematic, arbitrage and more.
