FlexTrade win’s Best Implementation at a Sell-Side Firm at WatersTechnology Sell Side Technology Awards
April 5, 2024 | By: Emily Meyer
FlexTrade Systems, a global leader in multi-asset execution and order management systems, and JonesTrading, a leading global equity brokerage & capital markets firm have won “Best Implementation at a Sell-Side Firm” at the WatersTechnology Sell-Side Technology Awards.
After rigorous review of sell-side OMS vendors during Q3 of 2023, JonesTrading selected FlexTrade’s multi-asset sell-side trading order management solution, FlexOMS, as their platform of choice. The project kicked off in 2023 with the implementation of equities, electronic trading, and outsourced trading desk officially announced in February of 2024. Using FlexOMS’s open architecture and API-rich technology, the solution was able to connect all of JonesTrading’s vital downstream systems, including reporting, accounting, best execution, and finance systems, within the allotted deadline.
On the win, Rajiv Kedia, Principal & Associate Founder of FlexTrade Systems said: “We are thrilled to have won Best Implementation at a sell-side firm at the WatersTechnology Sell-Side Trading Awards. This was a monumental implementation with well over a hundred traders across a dozen locations and a very aggressive timeline. The collaboration between the teams at both firms was crucial to making this implementation a success. Our decades-long history of acting as not only a vendor, but as a trusted partner helped us make the onboarding of FlexOMS at JonesTrading a smooth transition.”
Jack Garceau, Chief Technology Officer at JonesTrading noted: “We needed to work with a partner who understood our business and offered flexible yet powerful technology solutions to meet our requirements. Equally crucial was selecting a partner that could supplement their technology with a long-term relationship to help continue to build out our service offerings. FlexTrade was that reliable partner that could meet our business needs and deliver within the contracted time frame that the project demanded.”
The WatersTechnology Sell-Side Technology Awards recognizes market-leading technologies, and industry innovations developed to support sell-side firms operate more efficiently. For more information on the awards visit here: https://events.waterstechnology.com/sstawards
To learn more about JonesTrading’s implementation of FlexOMS, click here: https://flextrade.com/resources/jones-trading-flexoms/