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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.
 
PTG provides:
  • Global Agency Basket and Transition Management Trading Solutions
  • Proprietary Algorithmic Development and Consultation
  • Transaction Cost Analysis
  1. 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.
  2. 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.
  3. 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.

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.
 
 
Jim Willsey
Director
646.344.3313
jwillsey@wjbcap.com
Alex Bonello
Vice President
646.344.4333
abonello@wjbcap.com
 
 
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