US-based agency broker JonesTrading is opening an office in London to pioneer its European expansion.
The firm, which specialises in block equity trading for institutional clients, said the expansion would help meet demand for its relationship-based execution model, as well as its capital markets and research services on the continent.
JonesTrading has been FCA registered since 2002, enabling it to service clients in Europe, but the new office will enable it to further expand and focus on cross border trading between Europe and the US.
The London office is expected to be operations by Q2 2015 and will be led by Gary Cunningham, who has 30 years of experience in UK and US equities trading. He joins JonesTrading from Execution LLC, a US-based brokerage where he served as CEO.
Alan Hill, CEO of JonesTrading, said: “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.”