Cowen’s ADR Direct® Platform Launches New Global Client Portal Featuring Enhanced Functionality

NEW YORK–(BUSINESS WIRE)–Aug. 16, 2017–
Cowen Inc. (NASDAQ:COWN) and Cowen Execution Services LLC (collectively,
“Cowen” or the “Company”) today announced the recent launch of an
enhanced ADR Direct client portal, significantly improving the overall
client experience for institutional investors looking to access the
global ADR marketplace. Cowen’s ADR Direct platform and enhanced client
portal allows investors to convert their ordinary shares into ADRs and
to cost effectively manage market impact, reduce explicit execution
costs and increase returns.

“Cowen’s suite of ADR products provides the marketplace with
comprehensive solutions when converting ordinary shares to ADRs and ADRs
to ordinary shares,” said Dan Charney, Cowen Managing Director and Head
of Equities. “The recent enhancements to Cowen’s ADR Direct portal were
made with our clients in mind as we added robust functionality and a
streamlined client experience to guide clients through the ADR
conversion trading process.”

Cowen’s enhanced ADR Direct client portal features include:

• Streamlined layout and graphics enabling easier navigation
• New calculator functionality differentiating between sponsored and
  unsponsored ADRs
• Enhanced color coding highlighting Buys and Sells
• Easier access to confirms via the ADR blotter
• Hyperlink for quicker access to Indications
• Faster FX lock-in time
• Global holiday schedule and settlement calendar
• Customizable blotter

Cowen’s ADR brokerage capabilities and ADR products, including the
patented ADR Direct platform, allow clients to trade ordinary shares
overseas, convert the ordinary shares to ADRs and settle the ADRs versus
U.S. dollars. Cowen’s advanced U.S. liquidity management tools such as
smart order routing, DMA, and algorithms are leveraged to power ADR
Direct’s capabilities. Whether accessing Cowen’s high or low touch
capabilities, clients can directly and anonymously trade ADRs by
connecting seamlessly to Cowen through their OMS or EMS and utilizing
ADR Direct or the firm’s 24-hour desk for the conversion process.

About Cowen Inc.

Cowen Inc. is a diversified financial services firm and, together with
its consolidated subsidiaries, provides alternative asset management,
investment banking, research, sales and trading, prime brokerage, global
clearing and commission management through its two business segments:
Cowen Investment Management and its affiliates make up the Company’s
alternative investment segment, while Cowen and Company, a member of
FINRA and SIPC, and its affiliates, including Cowen Execution Services
LLC, make up the Company’s broker-dealer segment. Cowen Investment
Management provides alternative asset management solutions to a global
client base and manages a significant portion of Cowen’s proprietary
capital. Cowen and Company and its affiliates offer industry focused
investment banking for growth-oriented companies, domain
knowledge-driven research, a sales and trading platform for
institutional investors and a comprehensive suite of prime brokerage
services. Founded in 1918, the firm is headquartered in New York and has
offices worldwide. For additional information, visit www.cowen.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170816005607/en/

Source: Cowen Inc.

Media:
Cowen Inc.
Lynda Caravello, 646-562-1676
lynda.caravello@cowen.com
or
Gagnier
Communications
Dan Gagnier, 646-569-5897
dg@gagnierfc.com