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Portfolio
Trading Group
WJB's Portfolio Trading Group provides a comprehensive suite
of algorithmic trading services to institutional investment
managers. We organize our approach around the entire
investment process. This allows PTG to offer a consultative
approach to equity trading ranging from algorithmic and
block execution to pre and post-trade analytics.
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PTG
provides:
- Global Agency Basket and
Transition Management Trading Solutions
- Proprietary Algorithmic
Development and Consultation
- Transaction Cost Analysis
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- Global
Agency Basket and Transition Management Trading Solutions.
PTG relies on our vast
experience and superior trading technology. Algorithms, in
conjunction with intelligent smart routing technology can
be applied to global equity trades for singles stock
orders, pairs and baskets. With the integration of WJB's
FIX infrastructure and our customized portfolio trading
platform, PTG leverages seamless connectivity to various
global exchanges and dark pools of liquidity to achieve
superior execution quality. Baskets are executed in an
efficient manner while minimizing market impact. WJB is an
agency only execution broker/dealer and never uses capital
to capture order flow. We do not compete with our clients.
All orders are traded internally, which reduces information
leakage. These are crucial aspects in the pursuit of
capturing alpha for portfolio rebalances and transitions.
- Proprietary
Algorithmic Development and Consultation. PTG specializes in developing
trading strategies and algorithms designed to outperform
portfolio benchmarks. Every algorithm is customized to
trade using a specific strategy based on individual client
benchmarks. Because of our dynamic trading platform PTG
algorithms can be adjusted real time to facilitate trading
in volatile market conditions. We employ real time
algorithmic calibration across a basket names to identify
outliers throughout the life of the trade. They are
constantly monitored and easily upgraded when necessary.
PTG's end results will enhance performance over the life of
the trade.
- Transaction
Cost Analysis. TCA is a
critical part of basket and transition trading. Our niche
is analyzing a portfolio manager's expected costs of
implementation and execution of that strategy. We combine
this with our experience in trading during volatile market
conditions, which allows us to devise strategies to
maximize alpha within a given time horizon. By
understanding our clients' expected alpha, PTG is able give
informed guidance into how portfolios should be traded.
PTG's proprietary technology is designed to incorporate
historical trade data and performance into real time market
dynamics, allowing us to adapt to market volatility. We
back test our strategies to measure market impact and
opportunity costs within portfolios. Our simulation
environment allows us to back test strategies within
portfolios to measure market impact as well as opportunity
costs.
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WJB Capital's Portfolio Trading Group is led by Jim Willsey.
Jim has twenty years of program trading experience working
at firms such as DE Shaw, JP Morgan, Knight Securities and
UNX. Throughout his career in the financial industry Jim has
worked with many of the most respected buy-side institutions
ranging from plan sponsors and mutual funds to registered
investment advisors and hedge funds.
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