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Home > Financial Services > Stock Brokers > Labranche and Co. Llc
Labranche and Co. Llc
Labranche & Co. Llc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
Labranche & Co. was established by George M.L. LaBranche in 1901. He begins trading US Steel on the Broad St. outdoor curb exchange. LaBranche and Co. is the parent of LaBranche and Co. Llc, one of the largest Specialists in equity securities listed on the New York and American Stock Exchanges. LaBranche is also the parent of LaBranche Structured Products, a Specialist and market maker in options, exchange traded funds and futures on various exchanges.
As a Specialist, they play an integral role in both the NYSE and the AMEX floor based trading auction model by acting as the exclusive broker or market maker in their portfolio of listed company stocks and options. The Specialist facilitates all buying and selling of securities of the companies it represents by bringing timely information, critical expertise, and needed liquidity to the forefront of the auction market place. Another subsidiary of LaBranche, the company provides securities execution, clearing and direct-access floor brokerage services to institutional investors.
The company is unique among large Specialist firms in that the individual Specialist who trades a company's issues is also responsible for maintaining regular personal contact with his or her listed company clients, providing them with firsthand information about the trading in their shares on a regular basis. Working closely with their individual specialists, a team of 20 professionals provides additional information, analytics and personalized service.
A sample of their services includes that Educational conferences and newsletters, Regional seminars, Real time market insights, Board and management presentations. They use their capital on behalf of their listed company clients and consistently earn the highest rankings in all measures of Specialist performance, including capital commitment, depth and trade continuity, and quote spread.
The Company was the first Specialist firm to offer many of these services and without a doubt they have redefined the relationship between listed company and Specialist.
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