Ticonderoga Securities Initiates Coverage on Six Brokerage Companies

Ticonderoga Securities, an institutional broker dealer specializing in equity trading and research, launched coverage today on six brokerage firms under Managing Director Douglas Sipkin.

In addition to the eight asset management companies he currently covers, today Sipkin initiated coverage on:

“Despite an uncertain regulatory and political outlook, we are generally constructive on the capital market sector. Leading indicators such as improving CEO confidence, favorable finance markets and healthy corporate balance sheets are positive early signs for M&A,” Sipkin said. “In addition, we believe the potential for rate increases later this year will increase fixed income volumes and velocity, which should help to offset tighter bid-ask spreads.”

Sipkin recently joined Ticonderoga to help build its coverage of brokerage and asset management companies. He helped establish the brokerage and asset management research vertical during his nine years at Wachovia, and most recently served as a research analyst at Pali Capital.

At Ticonderoga, Sipkin currently covers Artio Global Investors (ART), BlackRock (BLK), Eaton Vance (EV), Franklin Resources (BEN), Invesco (IVZ), Janus Capital Group (JNS), Legg Mason (LM) and T. Rowe Price Group (TROW).

In addition to Sipkin’s initiations, Ticonderoga Managing Director Christopher Allen yesterday launched coverage on two more companies in the exchanges, market structure and e-finance space. Allen now covers Investment Technology (ITG) and Knight Capital Group (NITE) in addition to CME Group Inc. (CME), IntercontinentalExchange Inc. (ICE), Nasdaq OMX Group Inc. (NDAQ) and NYSE Euronext, Inc. (NYX).

Ticonderoga Securities provides high quality, differentiated and actionable research. Its fundamental analysts have expertise and knowledge in technology, semiconductors, tech supply chain, networking, IT hardware, China technology, brokerage and asset management, exchanges, market structure, e-finance, and homebuilding and building products. The firm also provides a daily overview of recent market trends and the economic outlook. Ticonderoga Securities analysts use traditional pattern recognition techniques coupled with a basic indicators (MACD, Stochastic, RSI, Bollinger Bands) approach.

About Ticonderoga Securities

In May 2009, Ticonderoga Securities LLC acquired Reynders, Gray & Co. Inc. a respected firm with more than 30 years’ experience and an enviable track record. Ticonderoga Securities operates a dual capability with a New York Stock Exchange floor based team providing direct access as well as the desk based models. The firm is led by Joel Plasco and Shawn McLoughlin, the former Group CEO and the former North American CEO, respectively, of Collins Stewart, and concentrates on domestic and international equities and focuses on high quality, conflict free order execution, as well as a differentiated research offering to support its first class execution capabilities. For more information, please visit www.ticonsec.com.