Auerbach Grayson
 | |
| Private | |
| Founded | 1992 |
| Founder |
David Grayson Jonathan Auerbach (1942-2012) |
| Headquarters | New York, NY, USA |
| Website | www.agco.com |
Auerbach Grayson & Co (abbr: AGCO) is a New York-based brokerage firm committed to serving the international needs of major US institutional investors. Through its worldwide network of broker partners, Auerbach Grayson offers research, execution and clearance in equities, derivatives and fixed-income instruments.[1]
The core of Auerbach Grayson is its global-network concept. With approximately 400 analysts in 130 local markets, Auerbach Grayson establishes exclusive partnerships with major foreign banks and brokers in every region they operate. Its partners are leading brokers in their markets and members of their local stock exchanges, as they provide clients with specialized research on any of the thousands of public companies in markets worldwide.[2]
Auerbach Grayson encourages its broker partners to find interesting companies—those that are undervalued, under-represented in U.S. portfolios, or misunderstood. Each broker's analysts continually evaluate investment opportunities in their local market and provide its research to Auerbach Grayson on an exclusive basis for distribution to its clients.[3]
Auerbach Grayson's oversight assures that the research meets the high standards of U.S. institutions. In practice, each of Auerbach Grayson’s partners serves as its local office and it serves as their U.S. office. Additionally, the company offers direct access to foreign analysts & company management, through investor-conferences and roadshows, and on an individual basis with conference calls and by taking clients on trips to meet with foreign analysts & the management of investee companies.[4]
Auerbach Grayson believes that it provides investors with advantages that no other firm does: Direct access to local, bottom-up research on thousands of companies in the world’s major and emerging markets; and direct, quality execution and clearance in the market, with low execution costs that eliminate spread mark-ups and double commissions.
Auerbach Grayson is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).[5][6]
Market Significance & Recent News
In March 2013, Auerbach Grayson announced that it had sold a minority stake of the company to Morgan Stanley to become Morgan Stanley's executing broker in several emerging and frontier markets - specifically those where Morgan Stanley did not have a local presence.
In June 2009 the company became the first non-Iraqi firm to sell Iraqi securities and market research on Iraqi companies since the 2003 invasion.[7][8]
The company is accepted as being the first to offer foreign research in the XBRL format (formally debuted in July 2008).[9][10]
References
- ↑ "Company Overview of Auerbach Grayson and Company, LLC". Bloomberg Businessweek. Bloomberg. Retrieved 26 April 2013.
- ↑ "Jonathan Auerbach, Broker at Investing Frontiers...". Bloomberg. Bloomberg. Retrieved 3 Dec 2013.
- ↑ "Auerbach Grayson Announces Minority Equity Investment from Morgan Stanley". Barron's. Dow Jones. Retrieved 14 March 2013.
- ↑ "Company Overview of Auerbach Grayson and Company, LLC". Bloomberg Businessweek. Bloomberg. Retrieved 26 April 2013.
- ↑ "FINRA List of Members - A". FINRA. FINRA. Retrieved 13 Jan 2013.
- ↑ "Morgan Stanley Buys Stake in Broker to Reach More Developing Markets". The Wall Street Journal. Dow Jones. Retrieved 14 Mar 2013.
- ↑ Kenneth Barry, "U.S. broker Auerbach Grayson to offer Iraqi stocks", Reuters, June 15, 2009
- ↑ Anuj Gangahar, "US broker in landmark Baghdad move", Financial Times, June 14, 2009
- ↑ Leslie Kramer, "Auerbach Grayson Is First Broker To Provide Global Equity Research Reports In XBRL Format", advancedtrading.com, July 29, 2008
- ↑ Dominic Jones, "Sell-side research reports now in XBRL", IRwebreport.com, July 29, 2008