JB Drax Honoré

About the company

According to its official website, JB Drax Honoré is a financial markets intermediary founded in 2004 by Jonathan Glassberg and Benn Shepherd, offering trade idea generation, price discovery, trade anonymity and voice and electronic execution. The site says the firm operates solely in an agency capacity without proprietary risk-taking, is an independent, founder-led business with no ties to any investment bank, and works with about 100 bank and non-bank liquidity providers; its clients are global macro hedge funds, asset managers, pension funds, corporates, sovereign wealth funds and family offices. London is the headquarters, and the firm has offices in New York, Miami, Chicago, Paris, Madrid, Dubai and Singapore. The site stresses that its products and services are intended for professional clients only and that it does not contact private individuals. According to the disclaimer, JB Drax Honoré (UK) Limited is authorised by the FCA and JB Drax Honoré (DIFC) Limited by the DFSA; the company also states that it has entities regulated by the AMF and ACPR in France, the CNMV in Spain, MAS in Singapore and the NFA and FINRA in the US. JB Drax Honoré (DIFC) Limited, listed in the DFSA register under reference F005031, is authorised for dealing as agent, dealing as principal on a matched principal basis only and arranging deals in investments. This information is the company's own statement.

Account Details

Licences and regulation

DFSA (United Arab Emirates (Dubai))

FCA (United Kingdom)

Sources and verification history