TJM’s FX Team includes ex Buy-side and Sell-side money managers and interbank fx specialists using specific in house trade idea generation to fit each client's portfolios on an individual basis. Relative value overlay then allows TJM to identify specific structures that augments the potential benefit from the view.
One of the primary roles of TJM is liquidity management. We develop close working relationships with a deep pool of liquidity providers both in the local / interbank market, along with the growing number of buy-side market making firms. Given the overall aggregate volume, we can support a vast number of liquidity providers, giving our clients access to an exponential amount of liquidity.
All trades at TJM are executed and settled in the name of our Prime Broker. This allows total client anonymity as all parties face our Prime Broker. Utilizing this setup also allows us to match interest from buy-side to buy-side, creating a "virtual" exchange in which both parties maintain anonymity. The flow does not reach the interbank market and thus leaves a smaller footprint. This allows larger trades to clear without moving the market. This is especially beneficial in illiquid pairs and more sensitive flows.
All orders are executed at TJM by a team of seasoned professionals with decades of combined experience from buy-side and sell-side firms. TJM's execution team is comprised of ex-spot and options traders along with Fwds/NDF traders. We have expertise in each of the global centers. Trades are matched in real-time.
Co-head of TJM FX is a Columbia grad with over 30 years industry experience. Starting his career as a Fed Funds trader at CIBC, he moved to Chemical Bank, where he eventually became Chief Dealer of the forward desk. At Chemical NY, he also held the mandate to trade IRS’, FRA’s, Canadian BA’s, CD’s, and Futures on a proprietary basis. After a successful (10 years) career at the bank, he moved to ABN with a strict proprietary mandate ahead of launching the Integra Fund in (1999), a global macro hedge fund that managed close to 1 billion of AUM. He remains committed to markets with a statistical and macro emphasis on key market themes, and as a former user of liquidity, highly values the services he can offer through TJM FX
Co-Head of TJM FX has 20 years market experience. After attending both LSU and FAU on sports scholarships and a successful swimming career that saw him represent his native Great Britain in international tournaments, he moved to financial markets. As a LIFFE floor veteran, he joined Richard Scalone at the Integra Fund in 2003 and managed both the Asia and London desks for the fund. He oversees and manages the risk in the FX options portfolio, alongside equities, equity futures and interest rate futures. He left Integra to join Louis Capital markets, where he helped establish the Agency model in its infancy. With a specialty in options, he joined Richard in 2014, where they successfully built TJM FX into one of the premier Agency desks. He values the model and liquidity it generates, alongside the need for deep relationships with both clients and liquidity providers alike.