Operations and Technology Assessment
Our team of consultants draws from years of market experience and knowledge of industry best
practices to provide clients with rational, practical recommendations and implementation-ready plans
for improvements in any aspect of the trade process. Jordan & Jordan is highly experienced in managing
large-scale projects, particularly on
Industry-wide Initiatives
where timelines are critical and your internal resources must be used efficiently. With expertise across
instruments and the order lifecycle from pre-trade through settlement and asset servicing, we have a
comprehensive perspective of the markets to assist you in achieving your company goals. Specific areas of expertise include:
- Smart Order Routing/Algorithmic Trading
- Best Execution/Compliance Monitoring
- Order/Execution Management
- Electronic Trading/FIX Connectivity
- Client On-Boarding/Client Data Management
- Clearing and Settlement Across Asset Classes
- Equities, Options, Futures, Fixed Income, FX
Our Six Step Assessment Program provides Jordan & Jordan's clients with a detailed analysis of
their current activities and focused recommendations for improvement. Our approach includes:
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Understand Goals
- Market positioning
- Target clients
- Business model
- Priorities
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Analyze Processes
- Examine procedures and systems
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Evaluate Resource Allocation
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Review/Test Compliance Procedures
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Identify Gaps
- Processes
- Technology
- Skills/staff
- Provide Recommendations and Action Plans
Jordan & Jordan provides recommendations for changes in workflow, systems and procedures for handling
trades, operations and client servicing that consider user needs, system requirements, data management,
and organizational structure. Representative engagements include:
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For a well-known execution broker, performed an in-depth review of their client on-boarding
process, internal/external FIX connectivity processes and trade message flows, and technology and
market data infrastructure; identified significant opportunities to improve client service while
increasing scalability and cost effectiveness.
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For a global institution, prepared the international and domestic order routing architecture
including total cost of ownership of current systems, documentation of existing functionality
and flows, desired functionality as well as recommendations for in-house or vendor alternatives.
Strategy included leveraging message-oriented middleware technology and standards.
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For a major broker dealer we performed an in-depth order routing and execution analysis,
identifying significant opportunities to increase their cost effectiveness and improve their
best execution and compliance requirements.
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For a major US derivatives exchange, conducted an assessment of their mission critical trading
system to determine the underlying causes of occasional outages and service disruptions, and made
recommendations for immediate corrective action and longer-term plans to maintain availability
with significant increases in volume.
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For a liquidity provider on the short end of the Treasury market, conducted an operational review
and recommended trading strategies aimed at avoiding fails and controlling FICC margin
requirements (VaR charges).
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Jordan & Jordan assisted firms impacted by Options Symbology changes
that became effective in February 2010 with project management, impact analyses, remediation
plans, testing strategies, vendor coordination, and provided ongoing guidance regarding industry
milestones and changes as they occurred throughout the process.
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Jordan & Jordan continues to assist firms in meeting the new cost basis reporting requirements
with subject matter expertise, compliance audits, internal training
and client education programs, recommendations for departmental structure and workflow changes
to accommodate client servicing.