NYSE DMM GTS Making Markets Better: Aligns With Boutique Investment Bank Mischler

Posted on November 19, 2018November 17, 2018 by admin

NYSE DMM GTS in pact with veteran-owned broker-dealer mischler

NYSE’s Top DMM – GTS – Takes Stake in Boutique Investment Bank Mischler Financial Group

– GTS and Veteran-Owned Mischler Financial Group Forge High-Tech, High-Touch Alliance to Serve Corporate Issuers, Investment Managers and Other Market Participants –

New York, NY – November 19, 2018 – GTS, the New York Stock Exchange’s largest Designated Market-Maker (“DMM”) and a leading electronic trading firm, and Mischler Financial Group, Inc. (“Mischler”), the financial services industry’s oldest minority broker-dealer owned and operated by service-disabled veterans, today announced a strategic alliance that will establish a best-in-class offering for primary debt and equity market underwriting as well as secondary market best execution across the capital markets.

The partnership, which is anchored by a technology-powered offering for public companies and a broad universe of capital markets participants, will yield a low-cost, more efficient and more effective trade execution experience. Mischler will become a “forward operating base” for the growing GTS capital markets franchise, affording clients access to technology and sources of liquidity that are generally only available to the world’s most sophisticated investors.

(l)Ari Rubenstein,GTS co-founder & CEO (r) Dean Chamberlain (SDV),CEO,Mischler Financial Group

Founded in 2006 as a proprietary, quantitative trading firm, GTS is now a recognized leader in market structure and proudly oversees trading for more than one-third of NYSE-listed companies. The firm has an extensive track record developing and deploying proprietary, industry-best technology to bring better price discovery, trade execution and transparency to the markets.

“This is a high-tech, high-touch partnership designed to meet the needs of a new generation of issuers, asset managers, and trading and investment professionals seeking low-impact market liquidity and best-in-class execution,” said Ari Rubenstein, Co-Founder and Chief Executive Officer of GTS. “Clients are rightfully demanding innovation in the marketplace, and this alliance is uniquely designed to provide that and much more.”

Mischler, established in 1994, is an active underwriter across global equities, corporate and municipal debt, government securities and structured products. In the last three years alone, Mischler has played a role in almost 700 primary debt and equity market transactions. The firm also provides conflict-free share repurchase services for corporate treasurers as well as secondary market trade execution in equities and fixed income for a discrete universe of public plan sponsors and institutional investment managers.

Dean Chamberlain, Mischler’s Chief Executive Officer and a West Point graduate and former U.S. Army Officer, added: “The combined GTS-Mischler offering holistically provides a powerful arsenal of primary and secondary market solutions for the most demanding capital markets constituents. Mischler’s pedigree, capital markets expertise and front-line position – where we engage with a discrete network of corporate treasury executives and investment managers – is now further strengthened by the unrivaled technology and multi-asset trade facilitation platform that GTS has pioneered.”

Mischler is a fully-certified Service-Disabled Veteran Business Enterprise (SDVOBE) and FINRA’s oldest veteran-owned investment bank and institutional brokerage. “For issuers and investment managers focused on retaining truly expert capabilities while fulfilling their Diversity & Inclusion goals, the combined GTS-Mischler platform will not merely meet, but will exceed all expectations,” added Mr. Chamberlain.

Mr. Rubenstein concluded: “This partnership is another trans-formative moment for the build-out of our capital markets business and reflects the next phase of an evolution in which GTS and Mischler constituents can more easily access and benefit from quantitative, algorithmic, and next generation AI applications. The current environment and the landscape of the future will reward market participants who responsibly leverage technology. If we can arm all investment professionals with these assets, they can thrive in new ways.”

To read the entire story, please visit www.mischlerfinancial.com/mischler-gts-connection

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Veteran-Owned Broker-Dealer’s Memorial Day Month Pledge

Posted on May 3, 2018 by admin

mischler-financial-veteran-owned-memorial-day-pledge

Since its inception in 1995, boutique investment bank and institutional brokerage Mischler Financial Group (“MFG”) has been devoted to meeting the capital market needs of the nation’s leading corporations, municipal issuers and a broad spectrum of the industry’s most demanding investment managers and public plan sponsors. Positioned as a firm that ‘punches above its weight class in every metric’, Mischler is viewed by corporate treasurers and 6-pack banks as a ‘pure complement’ to the role played by lead underwriters. The firm’s highly-coveted middle-markets investor base, comprised of public plan sponsors and investment managers are notoriously ‘under-covered’ by the big Wall Street banks, and Mischler’s ability to bring these relationships to primary market offerings floated by Fortune corporations is a noticeable value add. The firm is also known for being the sell-side’s first and arguably, most foremost minority broker-dealer owned and operated by Service-Disabled Veterans.

Of equal importance, throughout its history, the firm has committed resources and year-round financial support to veteran-centric legislative initiatives, career building and mentoring veterans. This includes support of philanthropic programs focused on improving the quality of SDVs and their families’ lives as well as charitable programs that concentrate on supporting the families of military men and women who made the ultimate sacrifice in the course of serving our country.

Mischler Financial Group CEO Dean Chamberlain

In connection with the firm’s year-round philanthropic mission, the months of May and November are specifically dedicated to honoring Memorial Day and Veterans Day. During these two months, Mischler contributes a percentage of the firm’s profit to select organizations that according to Chief Executive Officer Dean Chamberlain, a West Point grad and certified SDV, “We deploy support to organizations that have a positive impact on the lives of vets, SDVs and Gold Star family members who simply do not have the depth of resources that so many of us take for granted.”

In honor of “Memorial Day Month 2018,” Mischler announced its annual pledge to the Semper Fi Fund, one of the country’s highest-rated charities. Formed in 2004, “SFF” is committed to providing immediate financial assistance, education scholarships, career transition programs and life-time support to post-9/11 combat wounded, critically ill and catastrophically injured members of all branches of the U.S. Armed Forces and their families. Since its inception, Semper Fi Fund has distributed over $167 million to more than 20,000 service members and their families and MFG is therefore privileged to continue our support of SFF.

Stated Chamberlain, “On behalf of the entire Mischler Financial Group family, we are grateful and honored that clients of our firm will be supporting our Memorial Day Month 2018 pledge via our trading and capital markets desks and/or direct contribution to SFF.

Mischler Financial Group Announces 2017 Annual Veterans Day Pledge

Posted on November 1, 2017 by admin

Newport Beach, CA & Stamford, CT –November 1, 2017 —Each year, Mischler Financial Group, Inc., the securities industry’s oldest minority broker-dealer owned and operated by service-disabled veterans pledges a percentage of the firm’s profits to veteran and service-disabled veteran philanthropies as part of its annual Veterans Day charitable initiative. This year, Mischler is proud to announce that Children of Fallen Patriots (CFPF) will be the recipient of the proceeds. Established in 2002, CFPF supports Gold Star families with college scholarships and educational counseling to military children who have lost a parent in the line of duty. Since its inception, CFPF has provided the runway to educational success for young men and women throughout the United States.

Dean Chamberlain, Chief Executive Officer of Mischler Financial Group stated, “Since we opened our doors nearly 25 years ago, our mission has been binary. Our business ethos is to not only serve the marketplace needs of Issuers, state and local governments and institutional investment managers with the highest degree of market proficiency and integrity, but to also share the rewards of our efforts by supporting men and women injured while defending our freedoms and the families of those who made the ultimate sacrifice.” Added Chamberlain, “Thanks to the opportunities presented by our clients, we take great pride in paying forward by supporting carefully selected philanthropies throughout the year. When paying tribute to Veterans Day in particular, we believe CFPF exemplifies Gold Star recognition.”

About Children of Fallen Patriots

Nearly 20,000 dependents have been left behind by troops killed in the line of duty over the last 35 years. Many surviving families struggle to make ends meet with 63% of surviving spouses making less than $50,000 per year. CFPF scholarships and financial assistance, funded by loyal donors and corporate sponsors, have assisted nearly 1000 bright and motivated students throughout their undergraduate studies. The vision of CFPF is to ensure that every child of a fallen patriot receives all necessary college funding. The organization’s website is www.fallenpatriots.org

About Mischler Financial Group

Mischler Financial Group, Inc. is a federally-certified Service-Disabled Veterans Business Enterprise (SDVOSB). We provide capital markets services across primary debt and equity markets, secondary market agency-only execution within the global equities and fixed income markets, and asset management for liquid and alternative investment strategies. Clients of the firm include leading institutional investment managers, Fortune corporate treasurers and municipal officials, public plan sponsors, endowments, and foundations. The firm’s website is located at http://www.mischlerfinancial.com.

Boutique Broker-Dealers Grab Equities Orders Away from Bulge Bracket

Posted on August 2, 2016August 2, 2016 by admin

Regional and Boutique Broker-Dealers are in land grab mode for institutional execution business as the ‘six-pack’ aka bulge bracket firms find themselves continuously paring back staff and reducing services due to the costs associated with each part of their business pods. The small and mid-size “agency-only” equities execution firms are increasingly gaining share, yet at the same time, institutional brokerage commission schemes for equities execution remains in a downward spiral. The exception, according to a recent study by Greenwich Associates, is “the boutique firms that provide a combination of high-touch service along with high-tech execution tools will stand out among those vying for business from the investment manager community.”

Larry Peruzzi, Mischler Financial Group

According to Larry Peruzzi, Managing Director and Head of International Equities for agency-only firm Mischler Financial Group, “The feedback we continue to hear from buy-side traders is consistent with the latest Greenwich Associates survey; investment managers want premium high-touch coverage from boutique BDs that can also provide best-in-class order routing and trade execution technologies.” Added Peruzzi, “Large investment managers are still looking to a broker’s research capabilities in the course of adding to a broker-rotation schedule, but the unbundling movement has made independent equities research, including those that have ‘buy-sell-hold’ recommendations, a commodity item that can be obtained away from those captive investment manager-executing broker relationships.”

(Traders Magazine Aug 2 2016)– As ‘bulge bracket’ brokers are faced with ever tightening budgets and focusing more on their larger institution accounts, the mid- and small-size brokers are poised to snatch up those clients left without an executing broker.

The bulge firms, after years of shrinking commissions amid a unique confluence decreased trading volumes, increased technology spend and a heavier regulatory compliance burden have shed staff and cut costs to the bare bone. Thus, having to make due with smaller trading desks and providing a modicum of service expected from the top tier banks, other brokers have been able to step in and grab underserved customers. And more importantly, the commissions that come along with providing both execution and research services.

“We’re definitely seeing this trend right before our eyes here,” said Doug Rivelli, co-head of US equity sales and trading at Auerbach Grayson. “As the trend of unbundling commissions has taken hold on a global scale, the traditional trading desk has had to become more focused on execution quality and broker trading services and firms like us have been able to capture market share.”

This phenomenon was reported also by market consultancy Greenwich Associates, who reported this week that mid-sized/regional brokers’ share of commission payments from institutional U.S. equity trades is increasing.

According to Greenwich, a s recently as 2007, the nine leading bulge-bracket brokers captured 78% of commissions paid by institutional investors on trades of U.S. equities. This year, they are claiming only 60%–down a full two percentage points from 2015. Much of the lost share has flowed to mid-sized/regional dealers, which as a group now take home 28% of U.S. equity commissions, up from just 11% in 2007.

To continue reading the coverage from Traders Magazine senior editor John D’Antona, please click here

Stamford CT Broker-Dealer Hiring

Posted on April 4, 2016April 4, 2016 by admin

While the ’6-pack banks’ are continuing to shave their employee count, opportunities abound courtesy of boutique broker-dealers who are seizing the moment and boosting hiring across various practice areas, including fixed income operations. Stamford CT-based broker-dealer Mischler Financial Group (co-headquarted in Newport Beach, CA) and the industry’s oldest minority broker owned and operated by Service-Disabled Veterans is looking for a few good men and women.

Per below job posting, along with all other career opportunities posted to the firm’s website, SDVs and military veterans get the first shot at career opportunities available at each of the firm’s 8 offices nationwide. Mischler Financial Group has been recognized in each of 2014, 2015 and 2016 by Wall Street Letter’s Annual Award “Best Research / Broker-Dealer”

Job Title: Fixed Income Analyst / Operations

Job Description:
Support Capital Markets front office in a primary and backup capacity along with auxiliary support to the Sales & Trading. Essential duties and skills include:
•   Assist Capital Markets Team on all deal-related responsibilities. These include, but are not limited to compliance requirements, order book management, allocation, processing, reporting, post transaction settlement
•   Monitor front to back trade flow and ensure all trades are captured properly; reconcile trades in timely and accurate manner; book, report, and confirm new trades
•   Assist in resolving trade discrepancies caused from failures, breaks, discrepancies, etc.; Provide product control support relating to profit and loss issues
•   Provide excellent and outstanding customer service; Develop standard processes to route customer queries to correct department for timely resolution
•   Continually modify and improve on existing internal processes and systems as well as new ones
•   Assist in creation and maintenance of Mischler Financial Group’s marketing materials
•   Assist in general business development and administration

For the full opportunity, including required qualifications, please visit Mischler Financial Group Inc.’s Job Opportunities page