Through the collaboration, Jefferies will use the attributed trading protocol from Trumid to provide liquidity to its institutional clients.
The expanded agreement with Tier 1 will increase the number of licenses at Jefferies by 50%, bolstering its client-first approach to relationship management tools.
Matthew Larson, most recently CFO of the Americas business and global markets division at Barclays, joins Jefferies as chief financial officer.
More than $9 million has been raised at Jefferies for various charities to honour memory of late CFO Peg Broadbent, who died of the coronavirus in March.
Jefferies, Morgan Stanley, Goldman Sachs, JP Morgan, Citi and Bank of America were considered ‘standout dealers’ by US buy-side traders.
FX prime brokerage venture between Jefferies and Integral has completed its first trades after launching the TrueFX platform in November.
Longstanding financial chief at Jefferies and industry veteran Peg Broadbent died following complications with coronavirus.
The TrueFX clearing member network allows the buy-side to access liquidity from market makers without an intermediary.
BTIG launched its London-based fixed income credit division earlier this year as it expands services across Europe.