Rosenblatt...

Your Edge in the Global Exchange Space

EXCHANGE SOLUTIONS

Rosenblatt Securities provides a full array of market structure and exchange-related solutions in addition to execution services for institutional customers where we have had a reputation for expertise and providing conflict-of-interest free service since 1979. As a part of that history, we have always been observers and students of market structure simply because we believe it provides our customers with a tangible trading edge, whether that’s helping them navigate a confusing array of market centers and their rules better than other brokers or being leaders in bringing automated tools to the buy-side, such as being the first firm to provide NYSE DOT access to non-members over fifteen years ago. Over the past several years, with the revolutionary changes in market structure, as well as the accompanying explosion in exchange market cap, proliferation of new venues and investments in them, and now consolidation in the exchange space, the demand for our expertise in this area has increased as fast as the pace of change and the complexity of market structure itself.

The Only Practitioner-Led Analysis for Investors in the Exchange Space
Our analysis of the exchange and brokerage space is now not only used by our customers’ traders to help them make tactical adjustments to their trading approaches based on market structure changes and new product developments, but also portfolio managers and analysts from hedge funds, private equity firms and money managers. We add the unique insights of a practitioner with an in-depth understanding of industry trends and local market acumen to their investment considerations–something a typical Wall Street analyst cannot deliver. There’s nothing like trading every day in all major market centers to help understand competitive developments. Being in constant contact with important industry figures doesn’t hurt either. Our CEO is currently one of the six most senior NYSE officials in his role as Executive Governor of the NYSE, while our President is on the advisory boards of The Journal of Trading and Wall Street and Technology. Our understanding of the implications of pricing changes, product developments like NYSE Hybrid, and regulatory matters such as Reg NMS and MiFID is second to none. One form in which we bring this expertise to the marketplace is our widely-read newsletter Trading Talk.

Expert Consultant and Strategic Advisor to Market Centers and Market Participants
In addition to speaking with and providing written analysis to investors, we have been hired for numerous consulting projects by money managers, exchanges and electronic market makers. Engagements have ranged widely from new product development, including crossing networks and exploiting new asset classes, to strategic assessments of operations.

A Trusted, Discreet Intermediary for the Sale of Exchange Assets
Our close relationships, knowledge of the space and reputation for discretion have also resulted in engagements to provide investment banking services as we are regarded as a trusted intermediary that can put buyers and sellers of exchange assets together.