Auerbach Grayson Expands into US and Developed Market Equity Execution
Appoints Industry Veterans to Spearhead Endeavor
NEW YORK, Sept. 28, 2015 /PRNewswire/ -- Auerbach Grayson & Company, LLC, a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research for institutional investors, announced today a major expansion into US and developed market equity trading. Already a recognized market leader in global trading, the firm will now have world class capabilities in global program trading as well as US and developed equities block trading.
Leading the firm's expansion in these areas are Doug Rivelli and Todd Trimmer, who will co-head US Equity Sales and Trading, and Jack Duffy, who will serve as head of US Trading. The broader team will consist of 11 highly seasoned investment professionals. Rivelli, Trimmer and Duffy have over 20 years of industry experience. They have previously worked together at industry leading firms and have significant experience building successful client-focused trading platforms.
"Auerbach Grayson's history of helping our clients successfully source liquidity and navigate trading in the world's most difficult and complex markets continues to make us a trusted partner to many of the largest and most sophisticated asset managers," said Alex Seiler, President of Auerbach Grayson. "We believe these new businesses represent a natural extension of our global market expertise. With direct access and coverage of over 4,000 companies, and through our network of 125 partners worldwide, we are strongly positioned to provide the best execution in virtually every part of the world."
"Todd, Doug and Jack bring a tremendous depth of experience and knowledge in building successful, efficient and discrete client-focused trading platforms. They add a unique dimension to our offering, allowing us to provide our clients with robust and actionable liquidity and strategic execution services," continued Seiler.
"As more and more brokers focus their efforts on electronic trading, there has been a significant void in the industry for experienced high touch service, execution strategy, trading and liquidity sourcing," said Rivelli. "We believe that pendulum has swung too far and intend to fill that void. The team we are building is among the most talented in the business, and we look forward to building a robust franchise by providing unparalleled value to our clients," added Trimmer.
About Auerbach Grayson (www.agco.com)
Founded in 1993 in New York City by Jonathan Auerbach and David Grayson, Auerbach Grayson offers a full range of global in-depth research, trade execution and settlement services in equities, derivatives and fixed-income instruments to U.S. institutional clients through its network of local broking partners in over 125 countries. Morgan Stanley is a minority investor in Auerbach Grayson. Auerbach Grayson is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).
SOURCE Auerbach Grayson
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