With more than 60 professional and support staff personnel, the Institutional Trading division is organized into four specialty departments to most efficiently accommodate a full range of order execution and trading flow to the firm's account base:

Your business issues are our business issues. We collaborate with clients, industry and market specialists, and our own team of highly knowledgeable experts around the world to understand the meaning and nature of the evolving financial markets. We do this to help you prepare for the challenges and opportunities in today's global markets. ...

Sales Trading - Covering more than 800 domestic and 1300 international financial institutions, the Sales Trading department has trading professionals working in teams to provide primary and backup coverage to designated regions throughout North America and Europe.

OTC Principal Trading - Comprised of industry-focused teams, the OTC Principal Trading department makes markets in more than 260 domestic stocks, 85% of which are covered by our Institutional Research department.

OTC Agency Trading - This department services the trading needs of the firm's more than 5,100 financial advisors located in one of 2,200 retail offices nationwide.

Convertible Bond Trading - This department covers over 100 domestic institutions as well as services our nationwide network of financial advisors.