CHICAGO, August 3, 2015 — Gar Wood Securities, LLC were once again recognized as one of the nation’s top equity brokers by earning a top 10 spot in 9 out of 10 categories by Pension and Investments in their 2Q 2015 broker execution quality rankings.
The P&I survey is a ranking of the top 50 U.S. brokers measured by the difference in cost/savings against the Elkins/McSherry Arrival Price universe, which is the industry standard in measuring market impact.
Gar Wood Securities Rankings:
Global Broker – All Trading 7th
Trades by Order Size
Small orders (10,000 shares or less) 7th
Large orders (50,000 or more shares) 6th
Medium orders (10,000 to 50,000 shares) 10th
Trades by Market Capitalization
Micro-cap 1st
Small-cap 3rd
Mid-cap 7th
Trades by Liquidity
50% or greater of the daily average volume 4th
0% – 50% of the daily average volume 8th
“We are very proud of our traders and our trade routing algorithms that seek to add value to every trade that we execute,” said Bob Jersey, President & CEO of Gar Wood Securities. “Gar Wood is an agency only firm; as such, we do not trade on a proprietary basis, which eliminates potential conflict of interests in trade execution and routing decision,” Jersey went on to say.
“The survey demonstrates that the quality of our client’s executions is our top priority,” said Craig Gantar, SVP and Sales Manager at Gar Wood.
The industry rankings were released this last week in Tradewatch, a report published by Pension & Investments, and is based on transaction costs conducted by New York-based Elkins/McSherry, a subsidiary of Boston’s State Street Corp.
About Gar Wood Securities, LLC
Gar Wood Securities, LLC is a registered U.S. broker-dealer and member of FINRA, SIPC and NFA, which trades solely on an agency basis, and provides their clients access to all major global markets covering equities, options, futures, fixed income, mutual funds and alternative investments in hedged funds and CTA’s.
The firm is known for its derivative execution and prime brokerage businesses, and has been recognized in several industry surveys as a Top rated broker in client services from the hedge fund community. Their clients include money managers, active traders and family offices. Additionally, Gar Wood supports a network of independent, registered representatives that use the firm’s infrastructure and compliance oversight to help them service and manage their brokerage businesses.
Formed in 2004, the firm is headquartered in Chicago with branch offices in Atlanta, Dallas, Humacao, Puerto Rico and San Diego.
Additional information on Gar Wood Securities, LLC is available at www.garwoodsecurities.net
Originally published at PRNewswire.
