TJM Investments

What TJM Investments does

TJM Investments is a privately held, multi-entity institutional brokerage and execution firm operating across U.S. and European markets. Its core entities — TJM Investments, LLC (FINRA-registered broker-dealer), TJM Institutional Services, LLC (NFA-registered introducing broker), and TJM Europe, LLP (FCA-authorized in London) — are held under TJM Holdings, LLC. The firm employs more than 175 people across offices in Chicago, Boca Raton, New York, Connecticut, and London, and it differentiates through floor presence on the NYSE (via its MND Partners division) and the CBOE (via Spot On Hedging Solutions), complemented by global electronic market access.

Name

TJM Investments

Legal name

TJM Holdings, LLC

Website

https://tjmbrokerage.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

TJM Investments is a multi-entity institutional broker-dealer offering agency execution across equities, futures, options, forex, fixed income, and OTC contracts to hedge funds, family offices, asset managers, and proprietary trading firms, with direct floor presence on the NYSE and CBOE.

Ownership category

akta.pro rank

Product category

Institutional Brokerage Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Electronic/Direct Market Access (DMA) & Sponsored Access (FSACAFAI)

akta.pro secondary industries

Clearing Broker / Carrying Broker (FCM & Clearing) (FSAEACAF), Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Institutional trade execution
• Futures and options brokerage
• Equities and fixed income trading
• Clearing and settlement services
• Capital introduction services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Brokerage and Execution Services: TJM earns commissions from executing trades for institutional clients across equities, futures, options, forex, and fixed income markets. Services include clearing, settlement facilities, and trade reconciliation through relationships with multiple FCMs and equity prime brokers.
2. Capital Introduction: TJM offers global multi-asset class solutions specializing in sourcing capital for proprietary trading firms and emerging market hedge funds, generating revenue through introduction fees or ongoing arrangements.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

TJM Investments operates as an institutional broker-dealer providing agency executions in equities, futures, options, forex, fixed income, and OTC contracts, supported by direct floor presence on the NYSE, CBOE, and CME and global electronic market access. Core services include trade execution, customized clearing and trade reconciliation through multiple FCMs and equity prime brokers, and capital introduction for proprietary trading firms and emerging market hedge funds.

Product overview

TJM Investments operates as a multi-entity institutional brokerage and execution services firm consisting of three core subsidiaries: TJM Investments, LLC (FINRA-registered broker-dealer founded 1998), TJM Institutional Services, LLC (NFA-registered introducing broker founded 1996), and TJM Europe, LLP (FCA/NFA member founded 2015). The firm offers agency executions across global financial markets including Equities, Futures, Options, Forex, Fixed Income, and OTC contracts. Services include trade execution, clearing, and capital introduction. The company employs over 175 people across offices in Chicago, New York, Boca Raton, Connecticut, and London, serving institutional clients including hedge funds, family offices, asset managers, and proprietary trading firms. MND Partners provides NYSE floor-based execution while Spot On Hedging Solutions operates on the CBOE floor.

Differentiator

Problem solved

Functional benefit

Brands

• MND Partners: Agency only NYSE Floor based operation providing equity trading and Convertible Securities services including Preferreds, Bonds, Warrants, and arbitrage opportunities
• Spot On Hedging Solutions

Products and services

• TJM Investments, LLC FINRA-registered broker-dealer entity specializing in agency execution across equities, index options, fixed income, futures, and FX spot and OTC structures for institutional clients globally.
• TJM Institutional Services, LLC NFA-registered introducing broker entity providing institutional brokerage and execution of futures, options on futures, and OTC exchange products.
• TJM Europe, LLP European introducing broker entity (FCA/NFA member) providing institutional execution of futures and option contracts and riskless/matched principal OTC FX, FX Spot, NDFs, and options trades.
• MND Partners Equity Execution Agency-only NYSE floor-based operation with over 15 brokers/traders providing direct market access to all major U.S. equity markets for mutual funds, hedge funds, investment advisors, and broker-dealers. Includes a Convertible Securities team covering preferreds, bonds, warrants, and arbitrage opportunities.
• Index Options Execution CBOE-based index options execution covering significant listed products such as SPX and VIX, with dedicated broker teams serving institutional business including banks and hedge funds.
• Futures Execution Institutional futures and futures options execution service providing access to both electronic and open outcry markets globally, with integrated clearing and reconciliation support.
• Cash Treasuries Execution Execution service for on-the-run and off-the-run U.S. Treasury securities providing competitive liquidity to primary dealers, securities dealers, hedge funds, mutual funds, and insurance companies.
• Treasury Relative Value Desk Specialized execution and advisory service for Treasury relative value strategies including CTD basis trades, off-the-run Treasury flies, and curve spreads.
• Sovereign Bonds Desk Sovereign bond execution, clearing, and settlement providing liquidity across benchmark issuers including EIB, KFW, and IBRD and covering all G10 countries in multiple currencies.
• Mortgage Bonds (MBS) Desk Tailored Mortgage-Backed Securities execution and advisory service covering Agency and Non-Agency MBS with over 20 years of desk experience.
• Energy Trading Desk Energy execution service covering oil and oil products, natural gas options, metals, and renewable energy.
• Clearing Services Customized clearing and trade reconciliation service leveraging relationships with multiple FCMs and equity prime brokers, with a single point of contact for margin, financing, and platform consulting.
• Capital Introduction Global multi-asset class service that sources institutional capital for proprietary trading firms and emerging market hedge funds via introduction fees or ongoing arrangements.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• BTIG: BTIG is a mid-market institutional broker-dealer offering execution across equities, fixed income, futures, options, and FX with similar relationship-driven service to hedge funds, family offices, and asset managers — closely mirroring TJM's multi-asset introducing-broker model.
• Cantor Fitzgerald: Cantor Fitzgerald operates a global institutional brokerage franchise spanning equities, fixed income, and derivatives with strong floor presence and capital introduction capabilities — directly comparable to TJM's multi-asset agency execution business.
• Instinet: Instinet is an institutional broker-dealer providing agency execution in equities and derivatives via both electronic and traditional channels, serving many of the same hedge fund and asset manager clients as TJM.
• StoneX Group: StoneX operates a global multi-asset institutional execution and clearing platform across futures, FX, fixed income, and equities — directly overlapping TJM's product breadth and institutional client base.

Broad incumbents

• Mizuho Securities USA: Mizuho Securities USA is the institutional broker-dealer arm of Mizuho Financial Group, offering equities, fixed income, and futures execution to institutional clients — a larger incumbent operating in the same institutional execution space as TJM.
• Piper Sandler: Piper Sandler operates an institutional brokerage business spanning equities, fixed income, and futures alongside its investment banking franchise — comparable to TJM's institutional execution focus but as part of a broader financial services platform.
• Cowen (TD Securities): Cowen (now part of TD Securities following the 2023 acquisition) operated an institutional equities and fixed income brokerage serving hedge funds and asset managers — directly comparable in client base and execution model to TJM.
• Virtu Financial: Virtu Financial is a leading electronic market maker and institutional execution services provider across global equities, fixed income, and ETFs — relevant as a scale incumbent competing for institutional execution flow that TJM also serves.
• Interactive Brokers: Interactive Brokers is a large multi-asset electronic broker serving institutional and professional clients with global market access across equities, futures, options, and FX — overlapping TJM's multi-asset execution offering at significantly larger scale.

Emerging players

• Liquidnet: Liquidnet operates institutional block-trading and execution platforms across equities and fixed income — relevant as an emerging electronic execution provider competing for institutional flow in adjacent product areas to TJM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tjmbrokerage
• Xx.com/tjmbrokerage
• Facebookfacebook.com/tjmbrokerage

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TJM Investments