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Cowen and Company provides a full array of services for our institutional customers by focusing on our core competencies within the industries of our research coverage. We consistently rank among the top 25 brokers overall according to AUTEX Block Data. We have extended this focus into a powerful global capability organized into Market Making and Facilitation, Syndication and Sales & Trading.
NASDAQ Market Making
Cowen makes an active market in over 850 Nasdaq securities. The stocks that Cowen trades mostly match up with our research sectors; Health Care, Technology, Media & Telecommunications, Consumer, Aerospace & Defense, and Alternative Energy.
Cowen’s NASDAQ trading department executes orders for its institutional account base along with trading the firm’s investment banking IPO’s and Secondaries.
Listed Block Trading
We conduct customer facilitation in excess of 1,600 U.S. listed and ADR securities. The desk is structured in "4 pads" to cover the entire S&P and is highly integrated with our research product. The desk utilizes a highly integrated trading platform for facilitating and executing Institutional Block orders. We have the technological ability to access all physical and electronic markets and provide superior executions across all sectors of the S&P.
Convertible Facilitation
Cowen’s Convertible desk has established itself as a leader in providing quality service and execution to our clients. Our team brings a wide range of experience in trading, sales and research.
TRADING
- Dedicated trading team offers experience in providing liquidity in all market conditions
- Market Maker in over 200 convertible securities, mandatories and preferred securities
SALES
- Dedicated salesforce offers experience in convertibles with a focus on Cowen's top tier rated Health Care research
- Coverage of more than 100 institutional accounts including hedge funds, mutual funds, money managers, pension funds and insurance companies
RESEARCH
- Dedicated Convertible analysts providing fundamental and technical analysis on all convertible products
In 2004, the firm was lead manager of 5 Convertible debt offerings raising a total of $555 million and remains committed to bringing quality deals with competitive pricing to the market.
The firm is also active in US equity program trading. We trade nearly 20 million shares valued at approximately $540 million for our customers daily. We have the trading experience and networks to achieve quality execution and settlement in the U.S. and Europe.
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