JonesTrading Institutional Services, a US based equity trading company, has expanded its execution services to Japan.
The firm has named Kevin Horgan as managing director to spearhead the expansion.
JonesTrading will begin its Asian execution capabilities by trading Japanese equities for US institutions. The firm then contemplates expanded trading with Japanese institutions.
In order to facilitate business development and trading operations both locally and to the US, JonesTrading will base its Asian execution operations in Hawaii, where it has opened an office in Honolulu. Horgan will be the branch manager of that office.
Prior to joining JonesTrading, Horgan was a sales trader in Japanese equities at BTIG. He has also served as managing partner at Naminori for five years and served in sales management roles at Merrill Lynch on the Japanese and European Convertibles teams.
JonesTrading chairman and CEO Packy Jones said that the expansion into Japan, with plans for greater initiatives to come, will enable both Japanese and US institutions to source equity liquidity in size at advantageous prices.
“Kevin Horgan’s expertise and experience, combined with our approach to trading is the right combination for this important initiative,” Jones said.