DALLAS–(BUSINESS WIRE)–Dec. 8, 2003–Responding to the increased needs of institutional clientele, Stanford Group Company (SGC) announces the opening of an institutional trading desk in the Dallasarea offering clients flexibility, speed and service. The office is located at 2300 Valley View Lane, Suite 100 in Irving, Texas.
Headed by Senior Vice President of Institutional Trading Randy Woertendyke, the office is staffed by two market makers, an agency trader, an operations specialist and a compliance officer.
In making the announcement, Mr. Woertendyke states, “The Irving office will bring the Stanford Group Company’s exceptional level of customer service and quality execution to our institutional clients and potential clients.”
SGC’s Irving Office executes trades on behalf of institutional clients, and works client orders on an agency basis. In addition to key elements of privacy and anonymity, institutional trading clients have the opportunity to use commission recapture and soft dollar programs to reduce transaction costs. The Irving office is also home to Stanford Group Company’s NASDAQ Market Making operation.
Three new affiliated offices have been opened to provide the convenience, flexibility and transaction speed that today’s money managers, hedge funds, retirement plans and other large investors demand and deserve. With a growing number of sales offices including New York, Dallas and Boca Raton, a trading desk in Dallas and a research department in Boca Raton, Stanford offers a full-service, personalized approach to institutional investing. All orders are handled by a Stanford Group Company trader on an agency basis, so there is never a conflict with proprietary trading. The client always has direct contact with the trader who ensures that the order is handled as requested.
Stanford Group Company is a full-service financial planning and investment management firm meeting the needs of private investors, corporations, governments and institutions worldwide. Headquartered in Houston, the company has branch offices in Miami, Denver, Baton Rouge, Dallas/Fort Worth, New York and Boca Raton. Stanford Group Company is an NASD/SIPC member.
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