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AwardsMarket Structure
Apr 6, 2020
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Financial News
Rosenblatt Nominated for “Best Firm for Market structure and Execution Consulting” Award

Financial News has nominated Rosenblatt Securities, along with JP Morgan, Goldman Sachs, Bank of America and Liquidnet, for “Best Firm for Market Structure and Execution Consulting” in its 2020 Trading and Tech Awards.

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Press Mentions
Mar 22, 2020
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Quartz
For the first time in 228 years, the New York Stock Exchange will open without its trading floor

For the first time in its 228-year history, the New York Stock Exchange will tomorrow open without its trading floor.

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Press Mentions
Mar 19, 2020
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Wall Street Journal
Harried Traders Gird for a Frantic Friday

Friday is shaping up as potentially one of the most volatile trading days in years, as scheduled changes in futures, options and other derivatives markets threaten to add to a frenzied trading month that has already had some of the biggest daily stock-index swings ever.

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Press MentionsMarket Structure
Mar 19, 2020
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Marketplace
Traders won't be on NYSE floor starting Monday due to COVID-19

The New York Stock Exchange made the decision this week to temporarily move to electronic trading, starting Monday, in response to COVID-19. It means closing down the trading floor at the corner of Wall Street and Broad Street.

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Press MentionsMarket Structure
Mar 19, 2020
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Bloomberg
Global Stock Exchanges Get Live Lesson in Perils of a Shutdown

As stock exchanges around the world decide how to operate at a time of unprecedented market turmoil, the Philippines just offered a real-time lesson.

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Press MentionsFloor Trading
Mar 18, 2020
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MarketWatch
Why the NYSE fought to keep its iconic trading floor open as coronavirus pandemic closed in

Joe Gawronski said concerns about the coronavirus outbreak hit home on March 13.

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Press MentionsYunEquity Research
Mar 12, 2020
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NASDAQ
Time to Bottom Fish? Rosenblatt Offers 3 Stocks to buy

With the Dow Jones Industrial Average falling as much as 20% below its highest closing price of last month, the venerable index of American blue chips finally dipped into bear market territory on Wednesday...

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Press MentionsYunEquity Research
Mar 11, 2020
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ANALYST RATINGS
Rosenblatt Securities Keeps Their Buy Rating on PTC (PTC)

Rosenblatt Securities analyst Yun Kim maintained a Buy rating on PTC (PTC – Research Report) today and set a price target of $105.00.

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Press MentionsMarket Structure
Feb 24, 2020
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Pensions & Investments
Regulators split on whether MiFID II unbundling rules are an issue

Mr. Puaar warned that, as the situation around the U.K.'s exit from the European Union continues to evolve, more fragmentation may manifest. "I think an important consideration is how this all evolves after Brexit. The FCA has so far taken a more positive stance than other European countries and has shown no signs of wanting to change the rules," he said.

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Press ReleasesInvestment Banking
Feb 19, 2020
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Rosenblatt
Rosenblatt Helps RegTech Firm Eventus Systems Secure Equity to Fund its Rapid Growth

Rosenblatt Securities is pleased to have advised GTS on its definitive agreement to acquire Barclays’ equities automated options trading unit’s assets.

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Press MentionsScottEquity Research
Feb 14, 2020
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Smarter Analyst
Xylem (XYL) Initiated with a Hold at Rosenblatt Securities

In a report released today, Scott Graham from Rosenblatt Securities initiated coverage with a Hold rating on Xylem (XYL) and a price target of $92.00. The company’s shares closed last Monday at $87.05, close to its 52-week high of $89.34.

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Press MentionsKenEquity Research
Feb 13, 2020
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Analyst Rating
Rosenblatt Securities Keeps a Buy Rating on Tradeweb Markets (TW)

In a report released yesterday, Kenneth Hill from Rosenblatt Securities maintained a...

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Press MentionsRyanEquity Research
Feb 11, 2020
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Yahoo Finance
RingCentral Hits New All-Time High: Here's What The Street Has To Say

RingCentral Inc (NYSE: RNG) reported fourth-quarter results which sent shares flying to new all-time highs. Here is a summary of how some of the Street's top analysts reacted to the print.

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Press MentionsYunEquity Research
Feb 7, 2020
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NASDAQ
Amazon and Goldman Sachs Wade Deeper Into Financial Services

Amazon (NASDAQ: AMZN) and Goldman Sachs (NYSE: GS) are wading deeper into the financial services market, reportedly partnering to offer small-business loans to Amazon's customers.

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Press MentionsYunEquity Research
Feb 7, 2020
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NASDAQ
Burberry's Retail Sales In China To Hit As 24 Stores Closed Due To Coronavirus

(RTTNews) - Retailer Burberry Group plc (BRBY.L) announced Friday said the ongoing coronavirus outbreak will impact retail sales in both Mainland China and Hong Kong S.A.R.

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Press MentionsBernieEquity Research
Feb 6, 2020
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The Motley Fool
Disney+'s Launch Was Even Better Than Anyone Expected

Approximately 26.5 million households subscribed to Disney's (NYSE:DIS) new flagship video-streaming service within the first seven weeks of launching. It's added another 2.1 million since the start of the year, management says.

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Press MentionsYunEquity Research
Feb 6, 2020
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NASDAQ
What Made Aptiv's Stock Fall 11% in January

Shares of Aptiv PLC (NYSE: APTV) were already trending down in January before the company reported earnings on Jan. 30. While results were above expectations, the company's guidance disappointed and pushed the stock down further. For the month, shares of Aptiv fell 10.7%, according to data provided by S&P Global Market Intelligence.

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Press MentionsScottEquity Research
Feb 3, 2020
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Analyst Ratings.
nVent Electric (NVT) Gets a Buy Rating from Rosenblatt Securities

The company has a one-year high of $28.49 and a one-year low of $19.04. Currently, nVent Electric has an average volume of 1.13M.

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Press MentionsMarkEquity Research
Jan 31, 2020
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Barron's
Roku Stock Falls After Company Says It May Remove Fox Apps

Roku stock is falling after the company said on Friday it may take Fox apps off its streaming platform.

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Press MentionsScottEquity Research
Jan 29, 2020
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Analyst Ratings
IDEX (IEX) Receives a Buy from Rosenblatt Securities

In a report released yesterday, Scott Graham from Rosenblatt Securities maintained a Buy rating on IDEX (IEX – Research Report), with a price target of $185.00. The company’s shares closed last Monday at $172.14, close to its 52-week high of $176.70.

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Press MentionsMarket Structure
Jan 27, 2020
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FN London
Exchanges lose ground as Mifid II fails to move trades from dark to light.

Europe’s grand plan for stock trading is not working. The revised Markets in Financial Instruments Directive, known as Mifid II, was meant to improve transparency by shifting more equities trading to stock exchanges. Instead, the volume of trading on these platforms is shrinking, not growing.

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Press MentionsHansEquity Research
Jan 24, 2020
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CNBC
Intel stock soars to dot-com era levels even as warning signs flash for 2020 and beyond.

Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. The shares surged 8.1% on Friday after the chipmaker beat Wall Street estimates and gave a rosy forecast for the first quarter.But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious. Intel said on Thursday’s earnings call that it will face increased competition in 2020 along with a slowdown in spending by cloud customers in the back half of the year.

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Press MentionsRyanEquity Research
Jan 23, 2020
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Seeking Alpha
Arista Rallies as Analysts Weigh Big Switch Deal Reports

Arista Networks (ANET +3.3%) has pulled a steady climb today to its best gain in months, as analysts reacted positively to the reports the company is acquiring Big Switch Networks.

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Press MentionsBernieEquity Research
Jan 22, 2020
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CNBC
Netflix shares fall after earnings — here’s what could come next.

Netflix shares were under pressure Wednesday after North American subscriber growth came in below estimates.

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Press MentionsScottEquity Research
Jan 20, 2020
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Smarter Analyst
Analysts Offer Insights on Conglomerates Companies: Pentair (PNR) and United Technologies (UTX)

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Pentair (PNR) and United Technologies (UTX) with bullish sentiments...

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Press MentionsBernieEquity Research
Jan 16, 2020
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Forbes
NBCUniversal’s Peacock To Launch With ‘Law & Order,’ Premium And Ad-Free Tiers

NBC has been eager to strike a deal with the network’s longtime collaborator, whose prime-time shows reliably draw millions of viewers.

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Press MentionsHansEquity Research
Jan 2, 2020
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Yahoo finance
AMD and Micron Are Among Rosenblatt’s Top Semiconductor Picks for 2020

2019 was a turbulent year for the semiconductor industry, to say the least. Trade issues between the US and China, slowing demand for smart devices, and tumbling memory chip prices all played their part.

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Press MentionsMarkEquity Research
Dec 31, 2019
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NASDAQ
Analyst: 3 Predictions for Internet Stocks in 2020

The clock is ticking down on 2019, and you know what that means: It's time for Wall Street analysts to tempt fate, clamber out on limbs, and make predictions about what will happen in 2020.

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Audio and VideoMarkEquity Research
Dec 27, 2019
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CNBC
CNBC’s “Closing Bell” team breaks down how FANG stocks may fare in 2020

CNBC’s “Closing Bell” team breaks down how FANG stocks may fare in 2020 as well as tech trends with Mark Zgutowicz, senior analyst at Rosenblatt Securities; Michael Pachter, managing director at Wedbush Securities; and Mark Tepper, Strategic Wealth Partners.

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Press ReleasesInvestment Banking
Dec 17, 2019
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Rosenblatt Securities
Rosenblatt Serves as Exclusive Advisor to Exablaze on its Strategic Acquisition by Cisco Systems

Rosenblatt Securities is pleased to be serving as the exclusive strategic and financial advisor to Exablaze in its agreement to be acquired by Cisco Systems (NASDAQ: CSCO), a synergistic deal between two world-class companies with a track record of developing and deploying cutting-edge solutions in networking and communications.

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Press ReleasesInvestment Banking
Dec 12, 2019
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Rosenblatt
Rosenblatt Advises GTS on its acquisition of Barclays' Equity Options Market Making Business

Rosenblatt Securities is pleased to have advised GTS on its definitive agreement to acquire Barclays’ equities automated options trading unit’s assets.

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Press MentionsScottEquity Research
Dec 4, 2019
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NASDAQ
Tops for 2020: The 5 Best Industrial Stocks to Buy

The company has a one-year high of $28.49 and a one-year low of $19.04. Currently, nVent Electric has an average volume of 1.13M.

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Press MentionsYunEquity Research
Nov 29, 2019
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Yahoo Finance
Rosenblatt: Top 3 Tech Stock Picks Heading Into 2020

Analytics and research are key to success in investment banking and floor trading. After all, it’s impossible to know the right market moves without knowing what’s happening behind the scenes of potential equity investments.

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Press MentionsKenEquity Research
Nov 29, 2019
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NASDAQ
Rosenblatt: Top 3 Tech Stock Picks Heading Into 2020

Founded back in 1979, when it acted as a floor broker on the New York Stock Exchange, Rosenblatt Securities has grown and adapted, becoming a major figure in the agency brokerage niche and the largest single broker on the NYSE floor.

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Press MentionsBernieEquity Research
Nov 26, 2019
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Nasdaq
Will Disney Stock Hit $175 in 2020?

Shares of Disney (NYSE: DIS) are hitting all-time highs this month, but the party could just be getting started. Within the past week, two different analysts have slapped what is now a Street-high price target of $175 on the media giant, translating into another 17% of upside in the coming year.

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Press MentionsHansEquity Research
Nov 15, 2019
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Barron's
Nvidia Stock Is Sinking After Earnings. Analysts Wanted a Better Outlook.

Nvidia stock was trading lower on Friday as the chip maker’s guidance for its current quarter failed to impress investors.Late Thursday, Nvidia (ticker: NVDA) reported adjusted earnings per share of $1.78 for its fiscal third quarter versus the Wall Street consensus of $1.58, according to FactSet. Nvidia posted revenue of $3.01 billion for the same quarter, down 5% year-over-year but better than the $2.92 billion average analyst estimate.

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Press MentionsHansEquity Research
Nov 5, 2019
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Barron's
Nvidia Is in the ‘Pole Position’ for Next-Generation Computing, Analyst Says

Rosenblatt Securities is getting more bullish on Nvidia stock, predicting solid demand for the company’s graphic chips in the coming quarters.Nvidia stock (ticker: NVDA) has risen more than 50% in 2019 as investors anticipate a chip-business turnaround. In August, the chip maker reported better-than-expected earnings but offered a mixed outlook for the October quarter.

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Press MentionsRyanEquity Research
Oct 29, 2019
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Seeking Alpha
CommScope -4.3% as Rosenblatt cuts Buy rating

-CommScope (NASDAQ:COMM) is 4.3% lower premarket after a downgrade to Neutral at Rosenblatt, from Buy.

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Press Mentions
Oct 24, 2019
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Tradeweb
Rosenblatt Acts As Co-Manager For Tradeweb's $726 Million Follow-On Offering

We are pleased to announce that we served as co-manager on a $726 million follow-on offering for Tradeweb Markets Inc., a leading, global operator of electronic marketplaces.

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Press MentionsRyanEquity Research
Oct 22, 2019
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The Street
Zoom, RingCentral Shares Fall Amid Report Suggesting Relationship 'Fracturing'

Shares of Zoom Video (ZM) - Get Report and RingCentral (RNG) - Get Report each fell 3% Tuesday after a Rosenblatt Securities analyst suggested the relationship between the two companies "could be fracturing," according to a report.

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Audio and VideoBernieEquity Research
Oct 17, 2019
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CNBC
Two analysts explain what Netflix’s earnings say about the streaming wars.

Netflix reported a beat on earnings per share and revenue but missed on paid domestic subscriber additions.

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AwardsMarket Structure
Oct 11, 2019
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The Trade
Puaar Shortlisted For Market Structure Excellence Award

The TRADE is pleased to announce the shortlists for this year’s Market structure excellence award, sponsored by Plato Partnership, and FinTech of the year award, sponsored by Instinet.

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Press Mentions
Oct 10, 2019
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Forbes
Shahrawat FinTech Article Published in Forbes

The modern FinTech revolution that began circa 2010 hasn’t resulted in massive disruption of incumbent financial institutions. The doomsday scenario for traditional financial companies, painted by high flying FinTech startup CEOs hasn’t materialized.

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Press MentionsBernieEquity Research
Oct 9, 2019
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Barrons
Netflix Stock Could Take a Hit From Rising Content Costs, Analyst Says

Rosenblatt Securities says Netflix stock is not attractive even after its big decline in recent months.

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Press MentionsMarket Structure
Oct 1, 2019
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Quartz
Charles Schwab is cutting brokerage fees to zero, but that doesn’t mean it’s free

Charles Schwab is slashing the fees it charges on some stocks, funds, and options to zero—news that set off a minor earthquake among stock prices for online brokerage companies.

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Press MentionsKenEquity Research
Aug 26, 2019
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Investor Place
Square’s Rich Valuation Doesn’t Make SQ Stock Any Less Ownable

Last week, Rosenblatt Securities analyst Kenneth Hill suggested the pricing of Paypal Holdings (NASDAQ:PYPL) is more palatable than payments rival Square (NYSE:SQ)...

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Press MentionsKenEquity Research
Aug 26, 2019
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Yahoo Finance
Will Facebook Libra Survive Regulatory Scrutiny?

Just two months ago, with a great deal of hype and fanfare, Facebook’s Mark Zuckerberg unveiled his company’s latest project: the Libra Association...

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Press MentionsKenEquity Research
Aug 20, 2019
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Barrons
PayPal’s Recent Tumble Makes the Stock a Buy, Analyst Says

Look past the recent tumble in PayPal Holdings stock, and “the longer-term outlook for the firm looks as healthy as ever,” Rosenblatt Securities’ Kenneth Hill said in a note to clients...

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Audio and VideoMarkEquity Research
Jul 25, 2019
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CNBC
Facebook’s privacy issues are no longer affecting the stock, analyst says

Facebook was in focus on Thursday morning as the social media giant agreed to pay a $5 billion fine and change its privacy practices in a settlement with the FTC.

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Press MentionsMarket Structure
Jun 26, 2019
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Bloomberg
In World's Longest Trading Day, Everyone's Waiting for the Close

At 8 1/2 hours, Europe has the world’s longest trading day. But only after it ends do markets come alive. In the five minutes after trading finishes at 4:30 p.m. in London, auctions across the continent set the closing prices tracked by billions of dollars. Over the past three years, the percentage of total trading volume executed in this manner has swelled to 20% from 12%, compared with about 8% in the U.S., according to Rosenblatt Securities.

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Press MentionsMarket Structure
May 23, 2019
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FInancial Times
Bankers bemoan Mifid’s high costs and unclear benefits

Banks were not supposed to be Mifid’s main beneficiaries. Even so, many bank and trading executives bemoan the reforms for delays and for poorly-worded rules that they say undermine some of its key objectives. ...

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Press MentionsRyanEquity Research
May 20, 2019
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Asia Times
Google cuts ties with Huawei as trade war escalates

Hundreds of millions of smartphone users have been dragged into the trade war between the United States and China.News that Google plans to sever its Android operating system ties with Chinese handset maker Huawei will have a profound effect on consumers across the globe.

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Press MentionsMarket Structure
Mar 28, 2019
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Wall Street Journal
After Job Cuts, Deutsche Bank Plans New Electronic Stock-Trading Venture

German bank will trade U.S. stocks directly with large clients on a new platform

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Press ReleasesEquity Research
Mar 7, 2019
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Rosenblatt Securitites
Michael Kiernan, CFA, Joins Rosenblatt as Director of Research

Equity research management veteran Michael Kiernan, CFA, joins Rosenblatt Securities as a Managing Director and Director of Research. Kiernan joins Rosenblatt from Wolfe Research, one of just a handful of success stories in the boutique research business of the past decade. At Wolfe, Kiernan also served as director of research, during a rapid growth stage in research coverage, from a universe of roughly 150 stocks to nearly 400 in less than four years. His proven track record also includes multi-year runs building strong equity research franchises as product manager at Lazard Capital Markets and prior to that Bear Stearns, where the equity research team climbed all the way up to number two in the annual Institutional Investor survey rankings. Prior to moving to the sell-side, Kiernan spent about 15 years as a portfolio manager, including a decade at UBS Asset Management.

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Press Mentions
Mar 1, 2019
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Quartz
Fintech firms like SoFi and Robinhood offer “free” stock trading. What’s the catch?

Online lender Social Finance is rolling out a slew of new features, from commission-free brokerage to zero-fee exchange traded funds and crypto trading. But buying and selling securities, of course, is not free. So how does SoFi plan to make money?

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Press Mentions
Feb 14, 2019
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Rosenblatt Securities
Rosenblatt advises Digital Reasoning in strategic investment by Macquarie Group

Rosenblatt Securities is pleased to announce its role as financial advisor to Digital Reasoning in a strategic investment by Macquarie Group, as part of its Series D round of financing.

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Press MentionsJunEquity Research
Jan 29, 2019
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CNBC
Rosenblatt’s Zhang Featured on CNBC’s “Word On The Street”

Jun Zhang of Rosenblatt Securities says he is neutral on Apple because the company's stock tends to trade "closely" with iPhone and hardware sales, which have been slowing.

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Audio and Video
Jan 10, 2019
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ICE
Rosenblatt’s Schack Featured in NYSE’s “Inside the ICE House Podcast”

Rosenblatt Partner and Head of Market Structure Justin Schack discusses recent developments in US equity market structure on the recent episode of the NYSE podcast "Inside the ICE House."

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Press MentionsInvestment Banking
Jan 9, 2019
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Rosenblatt Securities
FinTech Thought Leader Dushyant Shahrawat, CFA, Joins Rosenblatt’s Investment Banking Division

New York, NY, January 9, 2019. Rosenblatt Securities is pleased to announce it has added another key component to its growing FinTech investment banking platform. Financial-services thought leader Dushyant Shahrawat, CFA, joins Rosenblatt as Director — Strategic Insights & Advisory, FinTech Investment Banking.

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Press MentionsAnalytics
Jan 4, 2019
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Bloomberg
They Called It: Here’s Who Predicted Apple’s Big Stock Shock

In December, Rosenblatt Securities hinted to clients that the tech giant would cut iPhone production by 4 million units. Analyst Jun Zhang anticipated the cut would come from the work of Chinese companies said to have begun subsidizing employees for buying Huawei devices after Chief Financial Officer Meng Wanzhou was arrested at the behest of the U.S.

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Press Mentions
Nov 28, 2018
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Reuters
Old habits die hard: European equity traders still prefer the dark, defy Mifid

Tough rules aimed at boosting European equity trading volumes on regulated public exchanges appear to have failed a crucial test, data shows, undermining regulators’ efforts to raise transparency almost one year after the reforms were introduced.

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AwardsInvestment Banking
Nov 13, 2018
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Institutional Investor
Rosenblatt, Shah Named To Fintech Finance 40 List

Successful technology ventures often spring from small, agile teams of innovators. The same can be said about the fintech investment bank that New York–based institutional brokerage firm Rosenblatt Securities launched when Vikas Shah joined it in 2009.

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Press Mentions
Nov 9, 2018
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Traders Magazine
Who Created This Mess, Anyway? Hint: It Wasn't the Exchanges.

Justin Schack Managing Director/Partner at Rosenblatt Securities I’ve been thinking a lot lately about how intense the debate is getting over potential equity-market-structure reforms, as big banks and brokers, with support from many buy-side firms and upstart exchange IEX, line up against the big three exchange groups. And I think some historical perspective is essential to understanding what’s going on right now and what should be done, if anything, to modernize market structure.

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Press ReleasesInvestment Banking
Nov 6, 2018
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Rosenblatt Securities
Rosenblatt Securities acts as deal advisor to GTS

Rosenblatt Securities is pleased to announce its role as an advisor to GTS, a leading electronic market maker across global financial instruments and the largest designated market maker (DMM) at the New York Stock Exchange, on its acquisition of the ETF and wholesale market making business of Cantor Fitzgerald.

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Press Mentions
Nov 2, 2018
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ABC News
Breaking the glass ceiling on Wall Street

Lauren Simmons, 24, is one of the youngest traders and only full-time female traders on the floor of the New York Stock Exchange. ABC News' Briana Stewart tells us about her leap into history.

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Press ReleasesInvestment Banking
Oct 30, 2018
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Rosenblatt Securities
Rosenblatt Forms Investment Banking Advisory Board

Rosenblatt Securities is pleased to announce that it has formed an Investment Banking Advisory Board. Comprised of a distinguished group of financial-technology and capital-markets industry leaders, the Advisory Board will help Rosenblatt’s well-respected banking team stay on top of cutting-edge industry developments, expand its network and source transactions.

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Press MentionsMarket Structure
Oct 18, 2018
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Financial News
Why Mifid II is missing the mark, nine months in

A proliferation of new trading venues has left traders less clear on best execution and damaged regulators’ attempts to increase transparency

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Press Mentions
Sep 14, 2018
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Barrons
Congress’ Failed Stock Market Experiment Cost Investors $900 Million

A failed experiment to help small-company stocks will be buried at September’s end, the Securities and Exchange Commission said on Monday. The Tick Size Pilot Program was supposed to revitalize trading liquidity, stock offerings, and job creation for small-cap public companies–by quoting and trading their stocks in increments of a nickel, rather than the usual penny.

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Press MentionsMarket Structure
Jul 18, 2018
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Bloomberg
Wall Street Dark Pools to Come Out of Shadows Thanks to SEC

In the past decade, discussion around dark pools evolved from an obscure market-structure issue to a highly-charged debate over whether traders armed with computer algorithms were using the private venues to take advantage of investors with slower price feeds. The fight gained traction in 2014 after the release of Michael Lewis’s book "Flash Boys.”

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Press Mentions
Jul 2, 2018
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Reuters
Light or dark? Six months on, MiFID 2 rules divide equity traders

The European Union’s Markets in Financial Instruments Directive, or MiFID II, was introduced in January with the aim of pushing more trading onto regulated public exchanges where prices and participants can be seen by all. At first glance, it seems to have failed its biggest test. The share of trading on so-called lit exchanges — where prices and trades are clearly visible — has barely risen in the first months of the new regime.

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Press MentionsFloor Trading
Jun 13, 2018
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CNBC
How this 23-year-old became the only full-time woman trader at the New York Stock Exchange

Working in an industry where you are one of very few women can be challenging enough — but imagine what it's like to be the only woman on staff. That's the case for New York Stock Exchange trader Lauren Simmons. The 23-year-old is an equity trader for Rosenblatt Securities, and she is both the youngest and the only full-time female employee to hold that position at the NYSE.

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Press MentionsFloor Trading
May 10, 2018
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BBC News
Meet the only female broker on New York's stock exchange

The New York Stock Exchange trading floor is one of the most familiar symbols of American business. But in 2018, the arena that prides itself on predicting the future is stuck in the past in one respect - it's almost entirely staffed by men. Enter Lauren Simmons, the only full-time female broker on the New York Stock Exchange floor, as well as the only African-American woman, and at 23, the youngest. She told the BBC's Joe Miller what it's like to work in the male-dominated maelstrom.

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Press ReleasesInvestment Banking
Mar 22, 2018
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Rosenblatt Securities
Rosenblatt serves as exclusive financial advisor to investment-research platform Visible Alpha on $38M funding round

Rosenblatt Securities is pleased to announce its role as the exclusivefinancial advisor to Visible Alpha, a company that is transforming the way investment managers and brokerscollaborate on research, financial models and corporate access, on a $38 million investment by a consortiumof leading financial institutions. The funding round was led by Goldman Sachs, with additional participationfrom Exane BNP Paribas, Macquarie Group, RBC Capital Markets, Banco Santander through its VC arm,Santander InnoVentures, and Wells Fargo as well as Visible Alpha’s existing investors, Bank of America, Citi,Jefferies, Morgan Stanley and UBS. Visible Alpha has seen dramatic growth over the past year and will continueto build on this momentum through the product development and global expansion enabled by this funding.

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Audio and Video
Mar 8, 2018
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Rosenblatt Securities
In Recognition of International Women's Day

In honor of International Women’s day, and emerging technologies that can have an impact on fintech, we would like to highlight three women who are doing fascinating things in the world of blockchain. Meltem Demirors - VP at Digital Currency Group and member of WEF Blockchain Council: At Rosenblatt’s 9thAnnual Financial Technologies Summit, Meltem Demirors, formerly of Digital Currency Group, energized the crowd with her keynote presentation titled, “The Blockchain Hype Cycle – Past, Present, Future.” Additionally, we would like to commend Meltem for her inspiring Women in Blockchain – Leaders Series. Click here to read about the talented women Meltem has written about.

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Press Mentions
Feb 28, 2018
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Bloomberg
MiFID ‘Big Bang’ Dark Trading Caps to Impact Hundreds of Stocks

Trading in hundreds of European stocks may be disrupted when the region’s regulator starts restricting transaction volumes from mid-March, in what could be a more sweeping crackdown than anticipated. “This is one of the biggest changes under MiFID II,” said Richard Semark, head of UBS Group AG’s multilateral-trading facility. “It will alter trader behavior as suspended stocks move to alternative venues.” He says that even more stocks may be suspended now if January and February data are taken into account as well as the 2017 period.

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Market Structure
Feb 12, 2018
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The Trade
Industry butts heads over MiFID II SI tick size regime

Major exchange operators across Europe have urged EU financial authorities to ensure systematic internalisers (SIs) under MiFID II are subject to the tick size regime. In November, the European Securities Markets Authority (ESMA) proposed enforcing the tick size rules to the SI regime in a bid to level the playing field for trading on-exchange. It stated a competitive disadvantage would be created for trading venues if only on-venue orders and quotes have to comply with the minimum tick size regime, resulting in volumes currently traded on-exchange migrating towards over the counter (OTC) execution.

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Press MentionsMarket Structure
Jan 20, 2018
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Bloomberg/Newsroom
No Idea What MiFID Stands For? Here’s What You Need to Know

Everyone in European finance has been abuzz over an obscure acronym -- MiFID II -- that’s about to radically change how assets from stocks to commodities are traded and investors’ money is managed.

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Press ReleasesAnalytics
Jan 19, 2018
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Rosenblatt Securities
Rosenblatt Selected to Provide Assessment for US Wider Tick-Size Pilot

New York, NY, January 19, 2018. Rosenblatt Securities is pleased to announce that the participants in the National Market System Plan to establish a wider tick-size pilot in the US equity market have selected Rosenblatt to provide the official assessment of the pilot. ‍ The tick-size pilot grew out of concern among some market participants and government officials that the 2001 decimalization of US price quotations adversely affected market quality for emerging-growth and other small company stocks, with attendant effects on the US and global economies. Decimalization established the minimum quoting increment at one penny, after many years of it being 12.5 cents, or 1/8 of a dollar.

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Market Structure
Jan 16, 2018
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Bloomberg
Trader VIP Clubs, ‘Ping Pools’ Take Dark Trades to New Level

First came dark pools, private trading venues that challenged old-school stock exchanges. Now something else lingers in the shadows of Wall Street: ping pools. They also operate outside traditional stock exchanges, but these venues, which are gaining users in changing markets, are more opaque for the public. Running them allows some of the fastest, savviest electronic traders to dodge exchange fees and reap plum opportunities.

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Press MentionsInvestment Banking
Jan 2, 2018
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Financial Times
How high-frequency trading hit a speed bump

The 19th century newspaper editor Horace Greeley urged young Americans to “Go West” to the unsettled frontier. When he went himself, the trip from Chicago to the Pacific took two-and-a-half months by steamboat and ox-drawn wagon. He later advocated a transcontinental railroad to speed up commerce and shorten the mail service to 10 days. Wall Street’s fastest trading firms are invoking the spirit of Greeley as they build Go West, a trail of wireless towers, fibre-optic lines and submarine cables linking Chicago, the Pacific coast and Tokyo. Transmitting market data end to end will take fractions of a second for traders seeking topreserve an edge.

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Press Mentions
Dec 21, 2017
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S&P
Traders, market makers hope '18 ends the pain of low volatility - EXCLUSIVE

Market makers and the trading desks of major banks are hoping volatility can surge back into the markets in the new year, but there is little agreement over whether that will happen. For much of the year, equity markets have steadily climbed with few dips, suppressing trading activity and volatility. So far in 2017, the Cboe Volatility Index, a measure of implied volatility, has posted the lowest average daily close in a single year since at least 1990, according to the exchange operator’s historical data. "It's been a pretty painful period for the industry," Justin Schack, a managing director and partner with research and brokerage company Rosenblatt Securities, said in an interview.

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Inverviews
Dec 19, 2017
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Plato
60 seconds with…Anish Puaar Market Structure Analyst, Europe Rosenblatt Securities Inc.

Since 20 October 2014 launch of the original Turquoise Block Discovery service to the end of November 2017, investors successfully matched €58 billion via Turquoise Plato Block Discovery™ of which €54 billion or more than 92.5% matched since the September 2016 cooperation agreement with Plato. How do you think MiFID II will impact block-trading volumes in Europe?

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Press Mentions
Dec 12, 2017
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Bloomberg Newsroom
Goldman Sachs Plans MiFID Venue for Bonds, ETFs, Derivatives

For fixed-income securities, SIs will allow banks to continue offering liquidity directly to clients in largely the same way they do today, says Anish Puaar at Rosenblatt Securities Inc. But it’s a different story for equities, he says, because SIs must compete with exchanges and other trading venues for market flow. “SIs have advantages over other types of venue in how they can price and tailor liquidity to suit client needs,” said Puaar, Rosenblatt’s European market structure analyst in London. “These benefits could see bank-run SIs gain significant market share in the next 12 to 18 months.”

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AwardsInvestment Banking
Nov 27, 2017
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Rosenblatt Securities
Rosenblatt, Shah Named to Fintech Finance 40 List

Rosenblatt Securities is pleased to announce that the firm and its head of fintech investment banking, Vikas Shah, have been selected as part of the prestigious Institutional Investor Fintech Finance 40 ranking for 2017.

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Press Mentions
Nov 3, 2017
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S&P
SEC action on European research rule brought 'sigh of relief' to banks, brokers

A sweeping European market-reform initiative was poised to disrupt U.S. brokers' equity research businesses until Wall Street's chief regulator entered the fray. Europe's revised Markets in Financial Instruments Directive, or MiFID II, was designed to level the playing field among financial services companies through a myriad of regulatory changes, most prominently the separation of research costs from trading execution costs.

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Press Mentions
Oct 30, 2017
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Quartz
Brexit help wanted: Europe’s biggest exchanges seek new CEOs

Europe’s biggest exchange operators are seeking new chief executives that will be at the helm of their companies as Brexit unfolds. London Stock Exchange Group CEO Xavier Rolet is departing after leading the company for eight years, while Deutsche Boerse boss Carsten Kengeter is leaving after being dogged by insider trading allegations.

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Press MentionsMarket Structure
Sep 22, 2017
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Bloomberg Newsroom
MiFID’s Controversial Dark-Trade Workaround Has Some Crying Foul

The stock exchanges that once cheered the promise of increased transparency from Europe’s new financial rulebook are now complaining. Under the MiFID II regulatory overhaul, trading venues run by high-speed trading firms and banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. will get more flexibility in how they price stocks, potentially allowing them to win a larger share of Europe’s $15 trillion equity market, say critics. Bank trading venues will be allowed to quote prices in smaller increments, or “tick sizes,” than the exchanges can.

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Audio and Video
Sep 8, 2017
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John Lothian News
Rosenblatt speaks at MarketsWiki Education’s World of Opportunity

“When your crystal ball gets foggy, your two greatest assets will be your humility and your flexibility.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Richard Rosenblatt, CEO of Rosenblatt Securities, explains how to choose a career that has a solid future. Rosenblatt considers himself an institutional execution expert, but when the market crashed in ‘87, he had to get creative. At the end of the day, you have to follow your smile and do what you enjoy. The person that loves what they do will win every time.

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Press MentionsMarket Structure
Jun 26, 2017
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Bloomberg Newsroom
Dark-Pool Clampdown Seen Ensnaring 74% of European Equities

MiFID rules capping dark-pool trading will affect funds: study Limits impacted 94% of FTSE 100 stocks, Rosenblatt found If fund managers want to keep trading in European dark pools, they will need a big overhaul of their practices before new rules kick in next year. The MiFID II rules that come into force in January intend to cap trading on dark pools, with the intention of forcing more trading onto public, or lit, exchanges. An analysis by Rosenblatt Securities Inc. found that 74 percent of the continent’s biggest stocks would have breached the caps over a year-long study period. In the U.K.’s FTSE 100 Index, 94 percent of stocks triggered the caps.

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Press ReleasesEquity Research
Jun 21, 2017
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Rosenblatt Securities
Rosenblatt Hires Veteran Financials Analyst Christopher Allen

New York, NY, June 21, 2017. Rosenblatt Securities is pleased to announce it has hired veteran financial-services-industry analyst Christopher Allen. In nearly two decades as a securities analyst, Allen has developed a devoted following among investors in financial-services stocks, particularly those of global exchange operators such as CBOE Holdings, CME Group, IntercontinentalExchange and Nasdaq. He also has analyzed related companies in equity brokerage and market making, including TD Ameritrade, E*Trade Financial, Charles Schwab & Co., Interactive Brokers, ITG, KCG Holdings and Virtu Financial.

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Press ReleasesInvestment Banking
May 23, 2017
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Rosenblatt Securities
Deal Announcement: Rosenblatt Securities serves as an advisor to Euronext on its agreement to acquire FastMatch

Rosenblatt Securities is pleased to announce its role as the financial advisor to Euronext N.V. (ENXTPA:ENX) on its agreement to acquire FastMatch, Inc., the fastest growing ECN in the spot foreign exchange market. Euronext is acquiring approximately 90% of FastMatch for $153 million initial cash consideration in addition to a contingent earnout payment of $10 million.

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Press ReleasesFloor Trading
May 17, 2017
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Rosenblatt Securities
Rosenblatt rings the closing bell to commemorate NYSE's 225th anniversary.

Richard Rosenblatt, Founder and CEO of Rosenblatt Securities, rings the closing bell for the 225th anniversary of the New York Stock Exchange.

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Inverviews
May 3, 2017
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Best Execution
Joe Gawronski interview in Best Execution magazine - April 22, 2017

Sellside Profile : Joe Gawronski : Rosenblatt Securities Posted by: Best Execution , April 22, 2017 STEADY AS SHE GOES? Joe Gawronski, President and Chief Operating Officer of Rosenblatt Securities talks to Best Execution’s Lynn Strongin Dodds about the path of regulatory change, both in the US and Europe, and whether there is a risk of divergence.

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Press ReleasesHansEquity Research
Feb 14, 2017
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Rosenblatt Securities
Rosenblatt Hires Veteran Semiconductor Analyst Hans Mosesmann

Rosenblatt Securities is pleased to announce it has hired veteran semiconductor-industry analyst Hans Mosesmann. An electrical engineer who spent a decade working at chipmakers Texas Instruments and Advanced Micro Devices before moving to Wall Street in 1996, Mosesmann is known and respected for his coverage of such companies as AMD, Intel, Micron Technologies and Nvidia.

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Press ReleasesInvestment Banking
Jan 24, 2017
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PRNewswire
Thesys Technologies Selected To Develop Stock Auditing and Tracking System for SEC

Thesys Technologies LLC, the technology arm of Tradeworx, Inc, announced today that it has been selected to build a powerful new system to manage the tracking and auditing of all stocks and transactions by the Securities and Exchange Commission.

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In the news Archive

April 6, 2020
Rosenblatt Nominated for “Best Firm for Market structure and Execution Consulting” Award
Financial News has nominated Rosenblatt Securities, along with JP Morgan, Goldman Sachs, Bank of America and Liquidnet, for “Best Firm for Market Structure and Execution Consulting” in its 2020 Trading and Tech Awards.
March 22, 2020
For the first time in 228 years, the New York Stock Exchange will open without its trading floor
For the first time in its 228-year history, the New York Stock Exchange will tomorrow open without its trading floor.
March 19, 2020
Harried Traders Gird for a Frantic Friday
Friday is shaping up as potentially one of the most volatile trading days in years, as scheduled changes in futures, options and other derivatives markets threaten to add to a frenzied trading month that has already had some of the biggest daily stock-index swings ever.
March 19, 2020
Traders won't be on NYSE floor starting Monday due to COVID-19
The New York Stock Exchange made the decision this week to temporarily move to electronic trading, starting Monday, in response to COVID-19. It means closing down the trading floor at the corner of Wall Street and Broad Street.
March 19, 2020
Global Stock Exchanges Get Live Lesson in Perils of a Shutdown
As stock exchanges around the world decide how to operate at a time of unprecedented market turmoil, the Philippines just offered a real-time lesson.
March 18, 2020
Why the NYSE fought to keep its iconic trading floor open as coronavirus pandemic closed in
Joe Gawronski said concerns about the coronavirus outbreak hit home on March 13.
March 12, 2020
Time to Bottom Fish? Rosenblatt Offers 3 Stocks to buy
With the Dow Jones Industrial Average falling as much as 20% below its highest closing price of last month, the venerable index of American blue chips finally dipped into bear market territory on Wednesday...
March 11, 2020
Rosenblatt Securities Keeps Their Buy Rating on PTC (PTC)
Rosenblatt Securities analyst Yun Kim maintained a Buy rating on PTC (PTC – Research Report) today and set a price target of $105.00.
February 24, 2020
Regulators split on whether MiFID II unbundling rules are an issue
Mr. Puaar warned that, as the situation around the U.K.'s exit from the European Union continues to evolve, more fragmentation may manifest. "I think an important consideration is how this all evolves after Brexit. The FCA has so far taken a more positive stance than other European countries and has shown no signs of wanting to change the rules," he said.
February 19, 2020
Rosenblatt Helps RegTech Firm Eventus Systems Secure Equity to Fund its Rapid Growth
Rosenblatt Securities is pleased to have advised GTS on its definitive agreement to acquire Barclays’ equities automated options trading unit’s assets.
February 14, 2020
Xylem (XYL) Initiated with a Hold at Rosenblatt Securities
In a report released today, Scott Graham from Rosenblatt Securities initiated coverage with a Hold rating on Xylem (XYL) and a price target of $92.00. The company’s shares closed last Monday at $87.05, close to its 52-week high of $89.34.
February 13, 2020
Rosenblatt Securities Keeps a Buy Rating on Tradeweb Markets (TW)
In a report released yesterday, Kenneth Hill from Rosenblatt Securities maintained a...
February 11, 2020
RingCentral Hits New All-Time High: Here's What The Street Has To Say
RingCentral Inc (NYSE: RNG) reported fourth-quarter results which sent shares flying to new all-time highs. Here is a summary of how some of the Street's top analysts reacted to the print.
February 7, 2020
Amazon and Goldman Sachs Wade Deeper Into Financial Services
Amazon (NASDAQ: AMZN) and Goldman Sachs (NYSE: GS) are wading deeper into the financial services market, reportedly partnering to offer small-business loans to Amazon's customers.
February 7, 2020
Burberry's Retail Sales In China To Hit As 24 Stores Closed Due To Coronavirus
(RTTNews) - Retailer Burberry Group plc (BRBY.L) announced Friday said the ongoing coronavirus outbreak will impact retail sales in both Mainland China and Hong Kong S.A.R.
February 6, 2020
Disney+'s Launch Was Even Better Than Anyone Expected
Approximately 26.5 million households subscribed to Disney's (NYSE:DIS) new flagship video-streaming service within the first seven weeks of launching. It's added another 2.1 million since the start of the year, management says.
February 6, 2020
What Made Aptiv's Stock Fall 11% in January
Shares of Aptiv PLC (NYSE: APTV) were already trending down in January before the company reported earnings on Jan. 30. While results were above expectations, the company's guidance disappointed and pushed the stock down further. For the month, shares of Aptiv fell 10.7%, according to data provided by S&P Global Market Intelligence.
February 3, 2020
nVent Electric (NVT) Gets a Buy Rating from Rosenblatt Securities
The company has a one-year high of $28.49 and a one-year low of $19.04. Currently, nVent Electric has an average volume of 1.13M.
January 31, 2020
Roku Stock Falls After Company Says It May Remove Fox Apps
Roku stock is falling after the company said on Friday it may take Fox apps off its streaming platform.
January 29, 2020
IDEX (IEX) Receives a Buy from Rosenblatt Securities
In a report released yesterday, Scott Graham from Rosenblatt Securities maintained a Buy rating on IDEX (IEX – Research Report), with a price target of $185.00. The company’s shares closed last Monday at $172.14, close to its 52-week high of $176.70.
January 27, 2020
Exchanges lose ground as Mifid II fails to move trades from dark to light.
Europe’s grand plan for stock trading is not working. The revised Markets in Financial Instruments Directive, known as Mifid II, was meant to improve transparency by shifting more equities trading to stock exchanges. Instead, the volume of trading on these platforms is shrinking, not growing.
January 24, 2020
Intel stock soars to dot-com era levels even as warning signs flash for 2020 and beyond.
Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. The shares surged 8.1% on Friday after the chipmaker beat Wall Street estimates and gave a rosy forecast for the first quarter.But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious. Intel said on Thursday’s earnings call that it will face increased competition in 2020 along with a slowdown in spending by cloud customers in the back half of the year.
January 23, 2020
Arista Rallies as Analysts Weigh Big Switch Deal Reports
Arista Networks (ANET +3.3%) has pulled a steady climb today to its best gain in months, as analysts reacted positively to the reports the company is acquiring Big Switch Networks.
January 22, 2020
Netflix shares fall after earnings — here’s what could come next.
Netflix shares were under pressure Wednesday after North American subscriber growth came in below estimates.
January 21, 2020
Bernie McTernan of Rosenblatt Securities joins “Closing Bell” to discuss Netflix Q4 earnings results.
Bernie McTernan on Netflix Q4 earnings and subscriber growth.
January 20, 2020
Analysts Offer Insights on Conglomerates Companies: Pentair (PNR) and United Technologies (UTX)
There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Pentair (PNR) and United Technologies (UTX) with bullish sentiments...
January 16, 2020
NBCUniversal’s Peacock To Launch With ‘Law & Order,’ Premium And Ad-Free Tiers
NBC has been eager to strike a deal with the network’s longtime collaborator, whose prime-time shows reliably draw millions of viewers.
January 2, 2020
AMD and Micron Are Among Rosenblatt’s Top Semiconductor Picks for 2020
2019 was a turbulent year for the semiconductor industry, to say the least. Trade issues between the US and China, slowing demand for smart devices, and tumbling memory chip prices all played their part.
December 31, 2019
Analyst: 3 Predictions for Internet Stocks in 2020
The clock is ticking down on 2019, and you know what that means: It's time for Wall Street analysts to tempt fate, clamber out on limbs, and make predictions about what will happen in 2020.
December 27, 2019
CNBC’s “Closing Bell” team breaks down how FANG stocks may fare in 2020
CNBC’s “Closing Bell” team breaks down how FANG stocks may fare in 2020 as well as tech trends with Mark Zgutowicz, senior analyst at Rosenblatt Securities; Michael Pachter, managing director at Wedbush Securities; and Mark Tepper, Strategic Wealth Partners.
December 17, 2019
Rosenblatt Serves as Exclusive Advisor to Exablaze on its Strategic Acquisition by Cisco Systems
Rosenblatt Securities is pleased to be serving as the exclusive strategic and financial advisor to Exablaze in its agreement to be acquired by Cisco Systems (NASDAQ: CSCO), a synergistic deal between two world-class companies with a track record of developing and deploying cutting-edge solutions in networking and communications.
December 12, 2019
Rosenblatt Advises GTS on its acquisition of Barclays' Equity Options Market Making Business
Rosenblatt Securities is pleased to have advised GTS on its definitive agreement to acquire Barclays’ equities automated options trading unit’s assets.
December 4, 2019
Tops for 2020: The 5 Best Industrial Stocks to Buy
The company has a one-year high of $28.49 and a one-year low of $19.04. Currently, nVent Electric has an average volume of 1.13M.
November 29, 2019
Rosenblatt: Top 3 Tech Stock Picks Heading Into 2020
Analytics and research are key to success in investment banking and floor trading. After all, it’s impossible to know the right market moves without knowing what’s happening behind the scenes of potential equity investments.
November 29, 2019
Rosenblatt: Top 3 Tech Stock Picks Heading Into 2020
Founded back in 1979, when it acted as a floor broker on the New York Stock Exchange, Rosenblatt Securities has grown and adapted, becoming a major figure in the agency brokerage niche and the largest single broker on the NYSE floor.
November 26, 2019
Will Disney Stock Hit $175 in 2020?
Shares of Disney (NYSE: DIS) are hitting all-time highs this month, but the party could just be getting started. Within the past week, two different analysts have slapped what is now a Street-high price target of $175 on the media giant, translating into another 17% of upside in the coming year.
November 15, 2019
Nvidia Stock Is Sinking After Earnings. Analysts Wanted a Better Outlook.
Nvidia stock was trading lower on Friday as the chip maker’s guidance for its current quarter failed to impress investors.Late Thursday, Nvidia (ticker: NVDA) reported adjusted earnings per share of $1.78 for its fiscal third quarter versus the Wall Street consensus of $1.58, according to FactSet. Nvidia posted revenue of $3.01 billion for the same quarter, down 5% year-over-year but better than the $2.92 billion average analyst estimate.
November 5, 2019
Nvidia Is in the ‘Pole Position’ for Next-Generation Computing, Analyst Says
Rosenblatt Securities is getting more bullish on Nvidia stock, predicting solid demand for the company’s graphic chips in the coming quarters.Nvidia stock (ticker: NVDA) has risen more than 50% in 2019 as investors anticipate a chip-business turnaround. In August, the chip maker reported better-than-expected earnings but offered a mixed outlook for the October quarter.
October 29, 2019
CommScope -4.3% as Rosenblatt cuts Buy rating
-CommScope (NASDAQ:COMM) is 4.3% lower premarket after a downgrade to Neutral at Rosenblatt, from Buy.
October 24, 2019
Rosenblatt Acts As Co-Manager For Tradeweb's $726 Million Follow-On Offering
We are pleased to announce that we served as co-manager on a $726 million follow-on offering for Tradeweb Markets Inc., a leading, global operator of electronic marketplaces.
October 22, 2019
Zoom, RingCentral Shares Fall Amid Report Suggesting Relationship 'Fracturing'
Shares of Zoom Video (ZM) - Get Report and RingCentral (RNG) - Get Report each fell 3% Tuesday after a Rosenblatt Securities analyst suggested the relationship between the two companies "could be fracturing," according to a report.
October 17, 2019
Two analysts explain what Netflix’s earnings say about the streaming wars.
Netflix reported a beat on earnings per share and revenue but missed on paid domestic subscriber additions.
October 11, 2019
Puaar Shortlisted For Market Structure Excellence Award
The TRADE is pleased to announce the shortlists for this year’s Market structure excellence award, sponsored by Plato Partnership, and FinTech of the year award, sponsored by Instinet.
October 10, 2019
Shahrawat FinTech Article Published in Forbes
The modern FinTech revolution that began circa 2010 hasn’t resulted in massive disruption of incumbent financial institutions. The doomsday scenario for traditional financial companies, painted by high flying FinTech startup CEOs hasn’t materialized.
October 9, 2019
Netflix Stock Could Take a Hit From Rising Content Costs, Analyst Says
Rosenblatt Securities says Netflix stock is not attractive even after its big decline in recent months.
October 1, 2019
Charles Schwab is cutting brokerage fees to zero, but that doesn’t mean it’s free
Charles Schwab is slashing the fees it charges on some stocks, funds, and options to zero—news that set off a minor earthquake among stock prices for online brokerage companies.
August 26, 2019
Square’s Rich Valuation Doesn’t Make SQ Stock Any Less Ownable
Last week, Rosenblatt Securities analyst Kenneth Hill suggested the pricing of Paypal Holdings (NASDAQ:PYPL) is more palatable than payments rival Square (NYSE:SQ)...
August 26, 2019
Will Facebook Libra Survive Regulatory Scrutiny?
Just two months ago, with a great deal of hype and fanfare, Facebook’s Mark Zuckerberg unveiled his company’s latest project: the Libra Association...
August 20, 2019
PayPal’s Recent Tumble Makes the Stock a Buy, Analyst Says
Look past the recent tumble in PayPal Holdings stock, and “the longer-term outlook for the firm looks as healthy as ever,” Rosenblatt Securities’ Kenneth Hill said in a note to clients...
July 25, 2019
Facebook’s privacy issues are no longer affecting the stock, analyst says
Facebook was in focus on Thursday morning as the social media giant agreed to pay a $5 billion fine and change its privacy practices in a settlement with the FTC.
June 26, 2019
In World's Longest Trading Day, Everyone's Waiting for the Close
At 8 1/2 hours, Europe has the world’s longest trading day. But only after it ends do markets come alive. In the five minutes after trading finishes at 4:30 p.m. in London, auctions across the continent set the closing prices tracked by billions of dollars. Over the past three years, the percentage of total trading volume executed in this manner has swelled to 20% from 12%, compared with about 8% in the U.S., according to Rosenblatt Securities.
May 23, 2019
Bankers bemoan Mifid’s high costs and unclear benefits
Banks were not supposed to be Mifid’s main beneficiaries. Even so, many bank and trading executives bemoan the reforms for delays and for poorly-worded rules that they say undermine some of its key objectives. ...
May 20, 2019
Google cuts ties with Huawei as trade war escalates
Hundreds of millions of smartphone users have been dragged into the trade war between the United States and China.News that Google plans to sever its Android operating system ties with Chinese handset maker Huawei will have a profound effect on consumers across the globe.
March 28, 2019
After Job Cuts, Deutsche Bank Plans New Electronic Stock-Trading Venture
German bank will trade U.S. stocks directly with large clients on a new platform
March 7, 2019
Michael Kiernan, CFA, Joins Rosenblatt as Director of Research
Equity research management veteran Michael Kiernan, CFA, joins Rosenblatt Securities as a Managing Director and Director of Research. Kiernan joins Rosenblatt from Wolfe Research, one of just a handful of success stories in the boutique research business of the past decade. At Wolfe, Kiernan also served as director of research, during a rapid growth stage in research coverage, from a universe of roughly 150 stocks to nearly 400 in less than four years. His proven track record also includes multi-year runs building strong equity research franchises as product manager at Lazard Capital Markets and prior to that Bear Stearns, where the equity research team climbed all the way up to number two in the annual Institutional Investor survey rankings. Prior to moving to the sell-side, Kiernan spent about 15 years as a portfolio manager, including a decade at UBS Asset Management.
March 1, 2019
Fintech firms like SoFi and Robinhood offer “free” stock trading. What’s the catch?
Online lender Social Finance is rolling out a slew of new features, from commission-free brokerage to zero-fee exchange traded funds and crypto trading. But buying and selling securities, of course, is not free. So how does SoFi plan to make money?
February 14, 2019
Rosenblatt advises Digital Reasoning in strategic investment by Macquarie Group
Rosenblatt Securities is pleased to announce its role as financial advisor to Digital Reasoning in a strategic investment by Macquarie Group, as part of its Series D round of financing.
January 29, 2019
Rosenblatt’s Zhang Featured on CNBC’s “Word On The Street”
Jun Zhang of Rosenblatt Securities says he is neutral on Apple because the company's stock tends to trade "closely" with iPhone and hardware sales, which have been slowing.
January 10, 2019
Rosenblatt’s Schack Featured in NYSE’s “Inside the ICE House Podcast”
Rosenblatt Partner and Head of Market Structure Justin Schack discusses recent developments in US equity market structure on the recent episode of the NYSE podcast "Inside the ICE House."
January 9, 2019
FinTech Thought Leader Dushyant Shahrawat, CFA, Joins Rosenblatt’s Investment Banking Division
New York, NY, January 9, 2019. Rosenblatt Securities is pleased to announce it has added another key component to its growing FinTech investment banking platform. Financial-services thought leader Dushyant Shahrawat, CFA, joins Rosenblatt as Director — Strategic Insights & Advisory, FinTech Investment Banking.
January 4, 2019
They Called It: Here’s Who Predicted Apple’s Big Stock Shock
In December, Rosenblatt Securities hinted to clients that the tech giant would cut iPhone production by 4 million units. Analyst Jun Zhang anticipated the cut would come from the work of Chinese companies said to have begun subsidizing employees for buying Huawei devices after Chief Financial Officer Meng Wanzhou was arrested at the behest of the U.S.
November 28, 2018
Old habits die hard: European equity traders still prefer the dark, defy Mifid
Tough rules aimed at boosting European equity trading volumes on regulated public exchanges appear to have failed a crucial test, data shows, undermining regulators’ efforts to raise transparency almost one year after the reforms were introduced.
November 13, 2018
Rosenblatt, Shah Named To Fintech Finance 40 List
Successful technology ventures often spring from small, agile teams of innovators. The same can be said about the fintech investment bank that New York–based institutional brokerage firm Rosenblatt Securities launched when Vikas Shah joined it in 2009.
November 9, 2018
Who Created This Mess, Anyway? Hint: It Wasn't the Exchanges.
Justin Schack Managing Director/Partner at Rosenblatt Securities I’ve been thinking a lot lately about how intense the debate is getting over potential equity-market-structure reforms, as big banks and brokers, with support from many buy-side firms and upstart exchange IEX, line up against the big three exchange groups. And I think some historical perspective is essential to understanding what’s going on right now and what should be done, if anything, to modernize market structure.
November 6, 2018
Rosenblatt Securities acts as deal advisor to GTS
Rosenblatt Securities is pleased to announce its role as an advisor to GTS, a leading electronic market maker across global financial instruments and the largest designated market maker (DMM) at the New York Stock Exchange, on its acquisition of the ETF and wholesale market making business of Cantor Fitzgerald.
November 2, 2018
Breaking the glass ceiling on Wall Street
Lauren Simmons, 24, is one of the youngest traders and only full-time female traders on the floor of the New York Stock Exchange. ABC News' Briana Stewart tells us about her leap into history.
October 30, 2018
Rosenblatt Forms Investment Banking Advisory Board
Rosenblatt Securities is pleased to announce that it has formed an Investment Banking Advisory Board. Comprised of a distinguished group of financial-technology and capital-markets industry leaders, the Advisory Board will help Rosenblatt’s well-respected banking team stay on top of cutting-edge industry developments, expand its network and source transactions.
October 18, 2018
Why Mifid II is missing the mark, nine months in
A proliferation of new trading venues has left traders less clear on best execution and damaged regulators’ attempts to increase transparency
September 14, 2018
Congress’ Failed Stock Market Experiment Cost Investors $900 Million
A failed experiment to help small-company stocks will be buried at September’s end, the Securities and Exchange Commission said on Monday. The Tick Size Pilot Program was supposed to revitalize trading liquidity, stock offerings, and job creation for small-cap public companies–by quoting and trading their stocks in increments of a nickel, rather than the usual penny.
July 18, 2018
Wall Street Dark Pools to Come Out of Shadows Thanks to SEC
In the past decade, discussion around dark pools evolved from an obscure market-structure issue to a highly-charged debate over whether traders armed with computer algorithms were using the private venues to take advantage of investors with slower price feeds. The fight gained traction in 2014 after the release of Michael Lewis’s book "Flash Boys.”
July 2, 2018
Light or dark? Six months on, MiFID 2 rules divide equity traders
The European Union’s Markets in Financial Instruments Directive, or MiFID II, was introduced in January with the aim of pushing more trading onto regulated public exchanges where prices and participants can be seen by all. At first glance, it seems to have failed its biggest test. The share of trading on so-called lit exchanges — where prices and trades are clearly visible — has barely risen in the first months of the new regime.
June 13, 2018
How this 23-year-old became the only full-time woman trader at the New York Stock Exchange
Working in an industry where you are one of very few women can be challenging enough — but imagine what it's like to be the only woman on staff. That's the case for New York Stock Exchange trader Lauren Simmons. The 23-year-old is an equity trader for Rosenblatt Securities, and she is both the youngest and the only full-time female employee to hold that position at the NYSE.
May 10, 2018
Meet the only female broker on New York's stock exchange
The New York Stock Exchange trading floor is one of the most familiar symbols of American business. But in 2018, the arena that prides itself on predicting the future is stuck in the past in one respect - it's almost entirely staffed by men. Enter Lauren Simmons, the only full-time female broker on the New York Stock Exchange floor, as well as the only African-American woman, and at 23, the youngest. She told the BBC's Joe Miller what it's like to work in the male-dominated maelstrom.
March 22, 2018
Rosenblatt serves as exclusive financial advisor to investment-research platform Visible Alpha on $38M funding round
Rosenblatt Securities is pleased to announce its role as the exclusivefinancial advisor to Visible Alpha, a company that is transforming the way investment managers and brokerscollaborate on research, financial models and corporate access, on a $38 million investment by a consortiumof leading financial institutions. The funding round was led by Goldman Sachs, with additional participationfrom Exane BNP Paribas, Macquarie Group, RBC Capital Markets, Banco Santander through its VC arm,Santander InnoVentures, and Wells Fargo as well as Visible Alpha’s existing investors, Bank of America, Citi,Jefferies, Morgan Stanley and UBS. Visible Alpha has seen dramatic growth over the past year and will continueto build on this momentum through the product development and global expansion enabled by this funding.
March 8, 2018
In Recognition of International Women's Day
In honor of International Women’s day, and emerging technologies that can have an impact on fintech, we would like to highlight three women who are doing fascinating things in the world of blockchain. Meltem Demirors - VP at Digital Currency Group and member of WEF Blockchain Council: At Rosenblatt’s 9thAnnual Financial Technologies Summit, Meltem Demirors, formerly of Digital Currency Group, energized the crowd with her keynote presentation titled, “The Blockchain Hype Cycle – Past, Present, Future.” Additionally, we would like to commend Meltem for her inspiring Women in Blockchain – Leaders Series. Click here to read about the talented women Meltem has written about.
February 28, 2018
MiFID ‘Big Bang’ Dark Trading Caps to Impact Hundreds of Stocks
Trading in hundreds of European stocks may be disrupted when the region’s regulator starts restricting transaction volumes from mid-March, in what could be a more sweeping crackdown than anticipated. “This is one of the biggest changes under MiFID II,” said Richard Semark, head of UBS Group AG’s multilateral-trading facility. “It will alter trader behavior as suspended stocks move to alternative venues.” He says that even more stocks may be suspended now if January and February data are taken into account as well as the 2017 period.
February 12, 2018
Industry butts heads over MiFID II SI tick size regime
Major exchange operators across Europe have urged EU financial authorities to ensure systematic internalisers (SIs) under MiFID II are subject to the tick size regime. In November, the European Securities Markets Authority (ESMA) proposed enforcing the tick size rules to the SI regime in a bid to level the playing field for trading on-exchange. It stated a competitive disadvantage would be created for trading venues if only on-venue orders and quotes have to comply with the minimum tick size regime, resulting in volumes currently traded on-exchange migrating towards over the counter (OTC) execution.
January 20, 2018
No Idea What MiFID Stands For? Here’s What You Need to Know
Everyone in European finance has been abuzz over an obscure acronym -- MiFID II -- that’s about to radically change how assets from stocks to commodities are traded and investors’ money is managed.
January 19, 2018
Rosenblatt Selected to Provide Assessment for US Wider Tick-Size Pilot
New York, NY, January 19, 2018. Rosenblatt Securities is pleased to announce that the participants in the National Market System Plan to establish a wider tick-size pilot in the US equity market have selected Rosenblatt to provide the official assessment of the pilot. ‍ The tick-size pilot grew out of concern among some market participants and government officials that the 2001 decimalization of US price quotations adversely affected market quality for emerging-growth and other small company stocks, with attendant effects on the US and global economies. Decimalization established the minimum quoting increment at one penny, after many years of it being 12.5 cents, or 1/8 of a dollar.
January 16, 2018
Trader VIP Clubs, ‘Ping Pools’ Take Dark Trades to New Level
First came dark pools, private trading venues that challenged old-school stock exchanges. Now something else lingers in the shadows of Wall Street: ping pools. They also operate outside traditional stock exchanges, but these venues, which are gaining users in changing markets, are more opaque for the public. Running them allows some of the fastest, savviest electronic traders to dodge exchange fees and reap plum opportunities.
January 2, 2018
How high-frequency trading hit a speed bump
The 19th century newspaper editor Horace Greeley urged young Americans to “Go West” to the unsettled frontier. When he went himself, the trip from Chicago to the Pacific took two-and-a-half months by steamboat and ox-drawn wagon. He later advocated a transcontinental railroad to speed up commerce and shorten the mail service to 10 days. Wall Street’s fastest trading firms are invoking the spirit of Greeley as they build Go West, a trail of wireless towers, fibre-optic lines and submarine cables linking Chicago, the Pacific coast and Tokyo. Transmitting market data end to end will take fractions of a second for traders seeking topreserve an edge.
December 21, 2017
Traders, market makers hope '18 ends the pain of low volatility - EXCLUSIVE
Market makers and the trading desks of major banks are hoping volatility can surge back into the markets in the new year, but there is little agreement over whether that will happen. For much of the year, equity markets have steadily climbed with few dips, suppressing trading activity and volatility. So far in 2017, the Cboe Volatility Index, a measure of implied volatility, has posted the lowest average daily close in a single year since at least 1990, according to the exchange operator’s historical data. "It's been a pretty painful period for the industry," Justin Schack, a managing director and partner with research and brokerage company Rosenblatt Securities, said in an interview.
December 19, 2017
60 seconds with…Anish Puaar Market Structure Analyst, Europe Rosenblatt Securities Inc.
Since 20 October 2014 launch of the original Turquoise Block Discovery service to the end of November 2017, investors successfully matched €58 billion via Turquoise Plato Block Discovery™ of which €54 billion or more than 92.5% matched since the September 2016 cooperation agreement with Plato. How do you think MiFID II will impact block-trading volumes in Europe?
December 12, 2017
Goldman Sachs Plans MiFID Venue for Bonds, ETFs, Derivatives
For fixed-income securities, SIs will allow banks to continue offering liquidity directly to clients in largely the same way they do today, says Anish Puaar at Rosenblatt Securities Inc. But it’s a different story for equities, he says, because SIs must compete with exchanges and other trading venues for market flow. “SIs have advantages over other types of venue in how they can price and tailor liquidity to suit client needs,” said Puaar, Rosenblatt’s European market structure analyst in London. “These benefits could see bank-run SIs gain significant market share in the next 12 to 18 months.”
November 27, 2017
Rosenblatt, Shah Named to Fintech Finance 40 List
Rosenblatt Securities is pleased to announce that the firm and its head of fintech investment banking, Vikas Shah, have been selected as part of the prestigious Institutional Investor Fintech Finance 40 ranking for 2017.
November 3, 2017
SEC action on European research rule brought 'sigh of relief' to banks, brokers
A sweeping European market-reform initiative was poised to disrupt U.S. brokers' equity research businesses until Wall Street's chief regulator entered the fray. Europe's revised Markets in Financial Instruments Directive, or MiFID II, was designed to level the playing field among financial services companies through a myriad of regulatory changes, most prominently the separation of research costs from trading execution costs.
October 30, 2017
Brexit help wanted: Europe’s biggest exchanges seek new CEOs
Europe’s biggest exchange operators are seeking new chief executives that will be at the helm of their companies as Brexit unfolds. London Stock Exchange Group CEO Xavier Rolet is departing after leading the company for eight years, while Deutsche Boerse boss Carsten Kengeter is leaving after being dogged by insider trading allegations.
September 22, 2017
MiFID’s Controversial Dark-Trade Workaround Has Some Crying Foul
The stock exchanges that once cheered the promise of increased transparency from Europe’s new financial rulebook are now complaining. Under the MiFID II regulatory overhaul, trading venues run by high-speed trading firms and banks such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. will get more flexibility in how they price stocks, potentially allowing them to win a larger share of Europe’s $15 trillion equity market, say critics. Bank trading venues will be allowed to quote prices in smaller increments, or “tick sizes,” than the exchanges can.
September 8, 2017
Rosenblatt speaks at MarketsWiki Education’s World of Opportunity
“When your crystal ball gets foggy, your two greatest assets will be your humility and your flexibility.” In this video from MarketsWiki Education’s World of Opportunity event in New York, Richard Rosenblatt, CEO of Rosenblatt Securities, explains how to choose a career that has a solid future. Rosenblatt considers himself an institutional execution expert, but when the market crashed in ‘87, he had to get creative. At the end of the day, you have to follow your smile and do what you enjoy. The person that loves what they do will win every time.
June 26, 2017
Dark-Pool Clampdown Seen Ensnaring 74% of European Equities
MiFID rules capping dark-pool trading will affect funds: study Limits impacted 94% of FTSE 100 stocks, Rosenblatt found If fund managers want to keep trading in European dark pools, they will need a big overhaul of their practices before new rules kick in next year. The MiFID II rules that come into force in January intend to cap trading on dark pools, with the intention of forcing more trading onto public, or lit, exchanges. An analysis by Rosenblatt Securities Inc. found that 74 percent of the continent’s biggest stocks would have breached the caps over a year-long study period. In the U.K.’s FTSE 100 Index, 94 percent of stocks triggered the caps.
June 21, 2017
Rosenblatt Hires Veteran Financials Analyst Christopher Allen
New York, NY, June 21, 2017. Rosenblatt Securities is pleased to announce it has hired veteran financial-services-industry analyst Christopher Allen. In nearly two decades as a securities analyst, Allen has developed a devoted following among investors in financial-services stocks, particularly those of global exchange operators such as CBOE Holdings, CME Group, IntercontinentalExchange and Nasdaq. He also has analyzed related companies in equity brokerage and market making, including TD Ameritrade, E*Trade Financial, Charles Schwab & Co., Interactive Brokers, ITG, KCG Holdings and Virtu Financial.
May 23, 2017
Deal Announcement: Rosenblatt Securities serves as an advisor to Euronext on its agreement to acquire FastMatch
Rosenblatt Securities is pleased to announce its role as the financial advisor to Euronext N.V. (ENXTPA:ENX) on its agreement to acquire FastMatch, Inc., the fastest growing ECN in the spot foreign exchange market. Euronext is acquiring approximately 90% of FastMatch for $153 million initial cash consideration in addition to a contingent earnout payment of $10 million.
May 17, 2017
Rosenblatt rings the closing bell to commemorate NYSE's 225th anniversary.
Richard Rosenblatt, Founder and CEO of Rosenblatt Securities, rings the closing bell for the 225th anniversary of the New York Stock Exchange.
May 3, 2017
Joe Gawronski interview in Best Execution magazine - April 22, 2017
Sellside Profile : Joe Gawronski : Rosenblatt Securities Posted by: Best Execution , April 22, 2017 STEADY AS SHE GOES? Joe Gawronski, President and Chief Operating Officer of Rosenblatt Securities talks to Best Execution’s Lynn Strongin Dodds about the path of regulatory change, both in the US and Europe, and whether there is a risk of divergence.
February 14, 2017
Rosenblatt Hires Veteran Semiconductor Analyst Hans Mosesmann
Rosenblatt Securities is pleased to announce it has hired veteran semiconductor-industry analyst Hans Mosesmann. An electrical engineer who spent a decade working at chipmakers Texas Instruments and Advanced Micro Devices before moving to Wall Street in 1996, Mosesmann is known and respected for his coverage of such companies as AMD, Intel, Micron Technologies and Nvidia.
January 24, 2017
Thesys Technologies Selected To Develop Stock Auditing and Tracking System for SEC
Thesys Technologies LLC, the technology arm of Tradeworx, Inc, announced today that it has been selected to build a powerful new system to manage the tracking and auditing of all stocks and transactions by the Securities and Exchange Commission.
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