Weeden Top Execution Broker Pensions & Investments Rankings

GREENWICH, Conn.--(BUSINESS WIRE)--

Weeden & Co. L.P. was recognized as one of the nation's top Equity Brokers for broker execution quality in rankings released last week by Pensions & Investments. Weeden ranked 3rd out of the top 50 U.S. brokers measured by difference in cost/savings against the Elkins/McSherry Arrival Price universe, the industry standard in measuring market impact.

In Trades by Order Size, Weeden ranked 2nd in cost savings for both large orders (50,000+ shares) and medium orders (10,000 – 50,000 shares). In Trades by Liquidity category, Weeden ranked 2^nd for both orders of 0% - 20% of daily volume and 20% - 50% of daily volume.

“Our performance is the result of our deep client relationships, customized trading technologies, and ability to navigate a fragmented equity marketplace in an unconflicted manner, “ said Lance Lonergan, CEO at Weeden & Co. L.P. “Our understanding of order routing, coupled with our block trading capabilities, allow institutional investors to lower their transaction expense and overall opportunity costs in trading.”

The industry rankings were released last week in Tradewatch, a report published by Pension & Investments, and based on transaction costs conducted by New York- based Elkins/McSherry, a subsidiary of Boston's State Street Corp.

About Weeden & Co. L.P.

Since 1922, Weeden & Co. L.P. has focused on providing institutional clients with premier execution services. Our commitment to our clients remains the core of our franchise. Weeden is proud to have been chosen by our clients as a perennially top-ranked North American broker, serving over 1,500 institutions. In addition to our best execution services, Weeden offers a comprehensive suite of research products, global commission management services, electronic trading solutions and a prime brokerage platform through our affiliate Weeden Prime Services LLC.