JNK is an agency-only execution broker/dealer whose goal is to provide personal attention to our clients throughout the life cycle of their order. We do not commit capital & do not compete with any of our client’s orders. We offer clients a blend of advanced execution & sector specific knowledge that is complimented by our research product. Our sales trading team’s extensive knowledge of the execution markets, affords our clients the best venues in which to find the necessary liquidity for minimal market impact.
JNK Securities was founded on a Direct Access execution platform, based on the NYSE Floor. As the environment of trading has evolved and the number of execution venues has increased, liquidity has dispersed. Throughout this evolution, we continue to maintain a NYSE floor presence in order to take advantage of unique NYSE trading initiatives that cannot be accessed by any non-member firms. Our clients have the exclusive benefit of being represented on parity with every order that is traded on the NYSE, especially in the most liquid issues. We are also able to represent our clients’ orders on NYSE closing prints through a discretionary quote (D-quote) that allows later order entry than typical electronic access. It is this high-touch service that is maintained on all of our customer’s orders.
ALGORITHMIC EXECUTION & STRATEGIES
JNK Securities offers a unique platform which offers both algorithmic execution solutions with a NYSE floor presence in order to take advantage of unique NYSE trading initiatives that cannot be accessed by any non-member firms. Our clients have the exclusive benefit of being represented on parity with every order that is traded on the NYSE, especially in the most liquid issues. We are also able to represent our clients’ orders on NYSE closing prints through a discretionary quote (D-quote) that allows later order entry than typical electronic access. It is this high-touch service that is maintained on all of our customer’s orders.
As the environment for execution continues to evolve, computer based algorithms have played a significant role and JNK provides an extensive array of algorithmic solutions to meet each of our clients’ objectives and ensures their access to best execution. As the algorithmic programs attempt to minimize market impact, we believe that combining this technology with human intervention increases our opportunity to take advantage of market fluctuations. JNK works hand in hand with our clients to customize all levels of algorithmic strategies to accommodate each client’s philosophy.
Third Party Research
JNK’s industry research in not typical sell-side research and has become a trusted source for the investment processes of the most sophisticated institutional investors. Our partners employ well-established, thorough research methodologies to identify winners and losers n the following sectors:
JNK’s exclusive semiconductor groups have multiple client facing consultants, many of which are former industry professionals with long histories within the sector.
We deliver a steady stream of leading edge information and data points on the following sub-sectors:Enterprise Networking/Storage, PC, wireless, and consumer supply chain research including component demand, market share shifts, lead times, pricing, and inventories
Through our partners, we also distribute proprietary market condition reports (“trackers”) on a monthly basis that assemble demand and supply trends, lead times, and ASPs on various aspects of the industry.
About Our Semiconductors' Partners
One of our exclusive 3rd Party Research Providers worked for over 30 years in the semiconductor industry, of which 13 years was spent at Maxim Integrated Products (MXIM). During the last six years at Maxim, he was responsible for managing worldwide EMS. Previously at Maxim he managed their Eastern US and Canadian divisions as well as key strategic accounts (IBM, EMC, Nortel, RIM, and Lucent). Prior to Maxim, he worked for Altera Corporation (ALTR) and Texas Instruments (TXN).
Over his career, he has developed historic relationships at the executive level at Flextronics (FLEX), Celestica (CLS), Jabil Circuit (JBL), and Sanmina-SCI (SANM). He coordinated various supply chain programs between EMS companies and their top OEM customers. His strengths include a broad knowledge of the EMS Industry and how it relates to the overall market and end customers, and relationships that go deep into the EMS and ODM accounts and their end customers. His knowledge of and contacts in the Electronic EMS and ODM business, as well as his work internationally in the Asia Pacific region and Europe, combined with his domestic background allow him to provide insights into the major EMS and ODM companies and their key end customers.
Another exclusive 3rd Party Research Provider follows the non-volatile memory industry, focusing on the companies, products and applications that make up its eco-system. We also follow market segments and companies that purchase and/or integrate non-volatile memory components and sub-systems into their own products. Additionally, we follow business and consumer trends that have the potential to influence and impact the non-volatile memory eco-system. Westwood Marketing conducts surveys, compiles data, analyzes and forecasts on the following segments and companies:
- NAND and NOR Memory Manufacturers - Elpida, Hynix, Intel, Micron, PowerChip, Samsung, SanDisk, Toshiba
- Memory Controllers - 3S, Anobit, Densbits, LSI, Marvell, SandForce, Silicon Motion, SkyMedi, USBest
- CE & Mobile - Apple, Corsair Memory, HTC, Kingston Technologies, Kodak, Lexar (div. of Micron), LG, Motorola, PNY Electronics, PQI, SanDisk, Transcend, Verbatim
- Solid-State Storage - Fusion-io, Intel, LSI, Micron, Seagate, SMART Modular, STEC, Texas Memory Systems, Virident, Violin Memory, Western Digital
- Intellectual Property – MOSAID, Tessera
- Industry Organizations – JEDEC, SNIA, CEA
Retail: Women, Teens, Hardlines, and Broadlines
JNK’s exclusive 3rd Party Research provider offers an objective, in-the-stores approach to monitoring and analyzing the performance of companies in the Retail, Apparel and Consumer industries. Their research is based on the fundamental belief that store-level analysis and a true understanding of shopper behavior are both absolutely critical to evaluating the current and future performance of any retailer or consumer company.
Our Partner visits malls around the country seven days a week, evaluating trends and gathering insights on store-level and product-level performance. Over the last four and a half years, they have frequented over 175 of the top US malls and more than 75,000 stores. During a typical month, they visit 50-60 stores of each of the concepts it covers, visiting stores in 5 to 6 different markets in the US.
From this extensive research and analysis, our consultants translate day-to-day performance into extremely accurate assessments of short and long-term financial performance, concept/product viability, and growth opportunity. In addition, they have two proprietary nationally-representative consumer panels of 1,000 women and teens respectively, that provide it with a broader perspective and understanding of US consumer shopping patterns and validate in-store findings. Consumer panels are run monthly to get a pulse on household financial situations, shopping and spending levels, as well as retailer and brand preferences, etc.
About Our Retail Partner
Our Retail Partner is comprised of two principals who are active in researching, analyzing and reporting on all companies in their sector.
One of the co-founders has over eight years of experience working for retailers in the specialty apparel and home furnishings sectors. She was most recently Executive Director of Strategy & Customer Insight at Linens 'n Things, Inc. In this capacity, she was responsible for customer targeting and segmentation, market and consumer research, corporate strategic planning and competitive benchmarking. Additionally, she also led the launch of new businesses such as accent furniture and led a cross-functional team to develop fashion-right textile assortments. Prior to joining Linens 'n Things, she was Director of Strategic Planning & New Business Development at Ann Taylor. In this role, she focused on projects such as launching Ann Taylor’s e-commerce site, developing a color cosmetics line and improving store operations.
In addition, this co-founder has a background in Investment Banking at Punk, Ziegel & Knoell, a health care and technology focused boutique and at Morgan Stanley as a credit analyst.
The other co-founder is equally active in researching, analyzing and reporting on all companies within their sector. She has over 15 years of experience working with leading companies in the retail and apparel sector. Prior to co-founding the Firm, she was an Executive Director of Strategy and Business Development at Linens ‘n Things, Inc. In this role, she was responsible for proprietary brand development, licensed brand management and new concept testing. For each of these initiatives, she was instrumental in developing the long-term strategic and financial planning, assortment selection, in-store merchandising and marketing programs.
This principal also worked for nine years in Investment Banking for such firms as Bear, Stearns & Co. Inc., PMG Capital and Mabon Securities. She completed financing and M&A transactions for retail and apparel companies such as Jones Apparel Group, Warnaco, Petco, Hollywood Video, Movie Gallery, Tuesday Morning, Lillian Vernon and Charming Shoppes.
JNK works with a small and select group of data providers that we believe fill a critical niche for buy-side investors. JNK has identified firms that offer a proprietary methodology and data assets which distinguishes them from their peers. We have a strong belief that proprietary data is in the early stages of adoption by the investment management community and it is our goal to become the primary source of these differentiated data streams.