Equity Trading Technology builds software to support the firm’s trading businesses and constructs a vision for how technology should be used to solve trading problems.

Equities Trading Technology is comprised of the following departments:

Electronic Transaction Services serves as the premier electronic trading platform, offering destination-neutral access to all major pools of liquidity for equities, options and electronic futures.

Fixed Income, Currencies and Commodities Trading/Equities Derivatives Technology

Fixed Income, Currency and Commodities Trading and Equities Derivatives Technology support the technology needs of the firm as it builds an integrated trading desktop and service-side architecture to be used across product lines and divisions.

The primary responsibilities of each group involve:

• Providing trade entry and position management functionality to mainly
  traders and operations
• Processing trades and providing real-time trade reporting and batch feeds
  for the settlement and clearance of trades
• Creating integrated solutions for trade positions, profit and loss statements
  and risk management

These two groups are comprised of the following departments:

Global Trading System globally supports interest rate products and credit desks by developing applications that support fixed income products such as US Treasuries, US and International Government Bonds, and Emerging Market Bonds and Futures.

Electronic Trading and Core Services provides technology to manage the electronic trading needs of various business-facing application groups. The team also supports various offering and execution models to communicate with external vendors across product lines.

Interest Rate Products supports highly complex trades that can take anywhere from a day to two months to complete.

Credit Products provides a highly robust and scalable system to support thousands of credit-linked derivatives trades a day, swiftly and without error.

Currencies Technology provides high pricing availability and integrity to allow for our strategies to be confidently placed into the market.

Commodities supports the firm’s trading of a wide range of commodities, including electricity, natural gas, oil, metals, freight, plastics, pulp and paper, in both physical and derivative form.