Raymond James launches electronic trading option
August 7, 2019 - Raymond James is rolling out a new algorithmic trading platform for its more than 1,000 institutional equities clients. Algorithmic trading uses a computer program that follows a defined set of instructions to place a trade. The trade, in theory, can generate profits at a speed and frequency that is impossible for a human trader, according to Investopedia. The new product, Raymond James Electronic Trading or RJET, contains a suite of 11 benchmarking and liquidity-seeking algorithms with additional algorithms to be added, the St. Petersburg-based company said.