JB Drax Honoré (“Drax”), founded in 2004 by Jonathan Glassberg and Benn Shepherd, stands as a market-leading executing agent. The firm excels in generating trade ideas, sourcing prices, ensuring trade anonymity, and delivering top-level voice and electronic trade execution.
Our approach
The firm operates solely in an agency capacity, abstaining from proprietary risk-taking to guarantee that our price discovery and liquidity sourcing remain free from any conflict of interest. The firm operates a truly independent, founder-led business, with no ties to any Investment Bank (IB).
Leveraging our extensive market reach, substantial market volume across multiple products, and global client base, we are uniquely positioned to provide the highest quality execution service.
Our sales and execution professionals have extensive experience at Global Tier 1 Investment Banks or leading buyside institutions across both sales and trading roles.
Drax provides 24-hour market insight, commentary and trade ideas from our team of globally recognised market strategists.
London remains the firms headquarters and since inception, an additional seven geographies have been added to the firms global footprint.
Our institutional client base is both broad and varied
- Global Macro Hedge Funds
- Asset Managers
- Pension Funds
- Corporates
- Sovereign Wealth Funds
- Family Offices
Our founders
Jonathan is co-founder and co-CEO of the Firm with over 25+ years of experience in the financial services sector.
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Before co-founding the Firm, Mr Glassberg has held senior positions in a large number of financial institutions including Head of Foreign Bond Products (Director) at Credit Suisse First Boston Securities Japan. Mr Glassberg also has experience as a floor trader on CBOT and also worked on the floor of the London International Financial Futures Exchange (LIFFE).
Benn is co-founder and co-CEO of the Firm with over 25+ years of experience in the financial services sector.
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Prior to co-founding the firm Mr Shepherd served in senior positions at a number of financial institutions including heading the American/Asian Fixed income department at Man Financial in New York as well as spending time at CSFB in Tokyo and Singapore and time at Goldman Sachs in Paris and Frankfurt.