News Article | April 19, 2017
Homing pigeons may share the human capacity to build on the knowledge of others, improving their navigational efficiency over time, a new Oxford University study has found. The ability to gather, pass on and improve on knowledge over generations is known as cumulative culture. Until now humans and, arguably some other primates, were the only species thought to be capable of it. Takao Sasaki and Dora Biro, Research Associates in the Department of Zoology at Oxford University, conducted a study testing whether homing pigeons can gradually improve their flight paths, over time. They removed and replaced individuals in pairs of birds that were given a specific navigational task. Ten chains of birds were released from the same site and generational succession was simulated with the continuous replacement of birds familiar with the route with inexperienced birds who had never flown the course before. The idea was that these individuals could then pass their experience of the route down to the next pair generation, and also enable the collective intelligence of the group to continuously improve the route's efficiency. The findings, published in Nature Communications, suggest that over time, the student does indeed become the teacher. The pairs' homing performance improved consistently over generations - they streamlined their route to be more direct. Later generation groups eventually outperformed individuals that flew solo or in groups that never changed membership. Homing routes were also found to be more similar in consecutive generations of the same chain of pigeon pairs than across them, showing cross-generational knowledge transfer, or a "culture" of homing routes. Takao Sasaki, co-author and Research Fellow in the Department of Zoology said: 'At one stage scientists thought that only humans had the cognitive capacity to accumulate knowledge as a society. Our study shows that pigeons share these abilities with humans, at least to the extent that they are capable of improving on a behavioral solution progressively over time. Nonetheless, we do not claim that they achieve this through the same processes.' When people share and pass knowledge down through generations, our culture tends to become more complex over time, There are many good examples of this from manufacturing and engineering. By contrast, when the process occurs between homing pigeons, the end result is an increase in the efficiency, (in this case navigational), but not necessarily the complexity, of the behavior. Takao Sasaki added: 'Although they have different processes, our findings demonstrate that pigeons can accumulate knowledge and progressively improve their performance, satisfying the criteria for cumulative culture. Our results further suggest that cumulative culture does not require sophisticated cognitive abilities as previously thought.' This study shows that collective intelligence, which typically focuses on one-time performance, can emerge from accumulation of knowledge over time. Dora Biro, co-author and Associate Professor of Animal Behaviour concludes: 'One key novelty, we think, is that the gradual improvement we see is not due to new 'ideas' about how to improve the route being introduced by individual birds. Instead, the necessary innovations in each generation come from a form of collective intelligence that arises through pairs of birds having to solve the problem together - in other words through 'two heads being better than one'.' Moving forward, the team intend to build on the study by investigating if a similar style of knowledge sharing and accumulation occurs in other multi-generational species' social groups. Many animal groups have to solve the same problems repeatedly in the natural world, and if they use feedback from past outcomes of these tasks or events, this has the potential to influence, and potentially improve, the decisions the groups make in the future.
News Article | April 18, 2017
The ability to gather, pass on and improve on knowledge over generations is known as cumulative culture. Until now humans and, arguably some other primates, were the only species thought to be capable of it. Takao Sasaki and Dora Biro, Research Associates in the Department of Zoology at Oxford University, conducted a study testing whether homing pigeons can gradually improve their flight paths, over time. They removed and replaced individuals in pairs of birds that were given a specific navigational task. Ten chains of birds were released from the same site and generational succession was simulated with the continuous replacement of birds familiar with the route with inexperienced birds who had never flown the course before. The idea was that these individuals could then pass their experience of the route down to the next pair generation, and also enable the collective intelligence of the group to continuously improve the route's efficiency. The findings, published in Nature Communications, suggest that over time, the student does indeed become the teacher. The pairs' homing performance improved consistently over generations - they streamlined their route to be more direct. Later generation groups eventually outperformed individuals that flew solo or in groups that never changed membership. Homing routes were also found to be more similar in consecutive generations of the same chain of pigeon pairs than across them, showing cross-generational knowledge transfer, or a "culture" of homing routes. Takao Sasaki, co-author and Research Fellow in the Department of Zoology said: 'At one stage scientists thought that only humans had the cognitive capacity to accumulate knowledge as a society. Our study shows that pigeons share these abilities with humans, at least to the extent that they are capable of improving on a behavioural solution progressively over time. Nonetheless, we do not claim that they achieve this through the same processes.' When people share and pass knowledge down through generations, our culture tends to become more complex over time, There are many good examples of this from manufacturing and engineering. By contrast, when the process occurs between homing pigeons, the end result is an increase in the efficiency, (in this case navigational), but not necessarily the complexity, of the behaviour. Takao Sasaki added: 'Although they have different processes, our findings demonstrate that pigeons can accumulate knowledge and progressively improve their performance, satisfying the criteria for cumulative culture. Our results further suggest that cumulative culture does not require sophisticated cognitive abilities as previously thought.' This study shows that collective intelligence, which typically focuses on one-time performance, can emerge from accumulation of knowledge over time. Dora Biro, co-author and Associate Professor of Animal Behaviour concludes: 'One key novelty, we think, is that the gradual improvement we see is not due to new 'ideas' about how to improve the route being introduced by individual birds. Instead, the necessary innovations in each generation come from a form of collective intelligence that arises through pairs of birds having to solve the problem together - in other words through 'two heads being better than one'.' Moving forward, the team intend to build on the study by investigating if a similar style of knowledge sharing and accumulation occurs in other multi-generational species' social groups. Many animal groups have to solve the same problems repeatedly in the natural world, and if they use feedback from past outcomes of these tasks or events, this has the potential to influence, and potentially improve, the decisions the groups make in the future. Explore further: Passenger pigeons help to navigate More information: 'Cumulative culture can emerge from collective intelligence in animal groups' written by Takao Sasaki and Dora Bird, features in the 18th April 2017 edition of Nature Communications.
News Article | May 3, 2017
VANCOUVER, British Columbia, May 03, 2017 (GLOBE NEWSWIRE) -- According to the 2017 National Opinion Poll (NOP) Canadian Views on Engagement with China released today by the Asia Pacific Foundation of Canada (APF Canada), uncertainty about the direction that Canada-U.S. relations are taking under a Trump presidency coupled with concerns about rising protectionist sentiments in Britain and Europe are motivating Canadians to be more open to engagement with China. Canadians feel that global economic dynamics are changing: over two-thirds (68%) feel that China can become a global leader on economic issues, while 62% believe that expanded trade with China is important today due to rising protectionism in the U.S. and Europe. Our poll also shows that over half of Canadians (55%) support a Canada-China FTA, up 9 points from 2016 and up 19 points since 2014. According to the 2017 NOP, when it comes to enhanced engagement with China, Canadians also support increasing the number of highly qualified immigrants entering Canada, investing in transport infrastructure, and prioritizing collaboration on measures to address pollution and protect the environment. “Our 2017 National Opinion Poll results across a number of key indicators – from free trade and economics, to infrastructure, immigration and the environment – show a Canadian public increasingly open to deeper engagement with China,” said APF Canada President and CEO, Stewart Beck. “These results don’t capture the Canadian upset over Trump’s recent decision on softwood lumber, or his comments on our supply management regime for dairy. And yet they clearly demonstrate that the anti-trade sentiments we’re seeing in Europe and the States are pushing diversification into the national conversation around Canada’s future economic prosperity.” APF Canada’s new poll shows that Canadians’ support for expanded economic engagement with China stems from their belief that it will bring more opportunities for Canadian business (76%) and youth (70%), bring greater economic prosperity to Canada (57%), encourage needed investment in Canadian businesses (63%), and increase Canada’s international competitiveness (54%). Notwithstanding overall public support for Canada’s greater economic engagement with China, Canadians continue to have concerns that engagement will make Canada more vulnerable to economic and political pressures from China and will lead to an influx of cheap Chinese goods in domestic markets. Canadians also expect their government to call on the Chinese government to respect human rights and introduce democratic reforms in the Chinese political system. “This is consistent with our previous polling on Canadian attitudes toward Asia,” said Dr. Eva Busza, Vice-president, Research and Programs, at APF Canada. “Canadians expect a broad and balanced agenda from government that addresses both economic, as well as social and political issues, in connection with China. But clearly, based on these new results, as Ottawa pushes forward with its China agenda, it can draw some confidence from Canadians’ increasing openness to stronger economic relationships with the world’s second largest economy.” For 13 years, APF Canada’s National Opinion Poll has examined Canadian opinion and attitudes towards Canada’s engagement with Asia. This year, APF Canada commissioned EKOS Research Associates to conduct a survey of 1,654 Canadian adults who are participants in the Probit online survey panel. The survey was conducted from March 20 to March 27, 2017. The full poll results are available here. About the Asia Pacific Foundation of Canada: The Asia Pacific Foundation of Canada is dedicated to strengthening ties between Canada and Asia with a focus on expanding economic relations through trade, investment and innovation; promoting Canada’s expertise in offering solutions to Asia’s climate change, energy, food security and natural resource management challenges; building Asia skills and competencies among Canadians, including young Canadians; and, improving Canadians’ general understanding of Asia and its growing global influence. The Foundation is well known for its annual national opinion polls of Canadian attitudes regarding relations with Asia, including Asian foreign investment in Canada and Canada’s trade with Asia. The Foundation places an emphasis on China, India, Japan and South Korea while also developing expertise in emerging markets in the region, particularly economies within ASEAN. For media information or to arrange an interview please contact:
News Article | May 23, 2017
CHARLOTTE, NC, May 23, 2017-- Financial Research Associates, is happy to announce the all-new Reg A+ Crowdfunding Conference (July 19-20 2017 at The Los Angeles Athletic Club in LA). This first of its kind event will provide an actionable strategy for raising $50 million in capital plus share key takeaways on how to overcome the challenges companies face when dealing with investors. Attendees will also learn the best practices of creating an effective offering and how to successfully list to exchanges.There has been ongoing concerns around Reg A+ including understanding its place within the JOBS Act and alternative funding options. Many are eager to learn the process "soup-to-nuts" and our conference will focus on providing this information from experts who have gone through the process both successfully and unsuccessfully.For one and a half days, industry front runners, in an intimate setting, will hold interactive discussions on how to understand the building blocks of a successful Reg A+ offering. Updates will be shared on the latest on regulations and how to stay compliant. Additionally, attendees will gain further insight into what the future holds for crowdfunding plus get deep knowledge most miss regarding audits and how to prepare.CrowdFundX's CEO, Darren Marble our opening presenter will set the tone of the event by examining the future of the Reg A+ opportunity. He will also talk about what has made listing possible and how marketplaces will evolve in coming years. Additional presenters include: FUNDAMERICA's founder, Scott Purcell; MEDIASHARES.COM's CEO, Gene Massey; SEEDINVEST's managing director, Andres Diana; and ARTESIAN CPA's managing partner, Craig Denlinger.More information about the conference can be found at https://goo.gl/iAdkfE About Financial Research AssociatesFinancial Research Associates (FRA) provides the financial community with access to business information and networking opportunities. Offering highly targeted conferences and events, FRA is a preferred resource for executives and managers seeking cutting-edge information on the next wave of business opportunities. For more information on upcoming conferences and events, visit our website at www.frallc.com Contact:Jessica Dunlap Yazujian704.257.4575
News Article | May 11, 2017
Customer Engagement Management Platform, Performance Leaderboards and Product Developer of the Year DALLAS, TX--(Marketwired - May 11, 2017) - Ignite Sales was named the winner of Silver and Bronze Stevie® Awards for new product and services of the year in four (4) categories, Data Visualization Technology, FinTech Solutions, Sales & Marketing Intelligence solution, and Product developer of the Year in the 15th Annual American Business Awards(SM) 2017. The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations -- public and private, for-profit and non-profit, large and small. Nicknamed the Stevies for the Greek word meaning "crowned," the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Tuesday, June 20. Tickets are now on sale. "We are honored for the depth and breadth of the recognition that we have received from the Stevie Award judges," said Ignite Sales CEO, George Noga. "They recognize that the way businesses engage with customers will be their primary differentiator going forward. Ignite's customer engagement platform fulfills this need with technology that makes it simple for bankers to discover and meet the financial needs of customers in a consistent and engaging manor." More than 190 professionals worldwide participated in the judging process to select this year's Stevie Award winners. "Our continuous innovation is making a real, quantifiable difference in banking," said Ignite founder and COO, Julie Hamrick. "Banks value our technology because it enables them to better understand and fulfill their customers' needs. Winning the Stevie again this year confirms our best-in-class management tools for coaching employees and gaining measurable improvements in customer satisfaction. We're impacting customer engagement in both digital channels and face-to-face interactions." "Each year the judges find the quality and variety of the nominations to be greater than the year before. The 2017 competition was intense and every organization that has won should be proud," said Michael Gallagher, president and founder of the Stevie Awards. About Ignite Sales Inc Ignite Sales is changing the way retail and small business banks engage with customers, service their customers and measure the results of their efforts. Using machine learning and artificial intelligence, Ignite's solution discovers and fulfills customer financial needs, resulting in more than a 38% increase in customer satisfaction and a 100% compliant and consistent conversation. Ignite's patented technology is used by many of the top banking institutions in the country. Ignite is a two-time winner of Barlow Research Associates' Monarch Innovation Award, The Big Innovation Award for Business Intelligence and The Stevie Award for Marketing & Sales Intelligence. Ignite Sales is headquartered in Dallas, Texas. Visit us at www.ignitesales.com. About the Stevie Awards Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.
News Article | February 16, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--A new national survey conducted jointly by leading Republican and Democratic researchers reveals that voters across the political spectrum overwhelmingly oppose eliminating federal funding for public television and that more than 7 in 10 see public television as a good or excellent value for their tax dollars, on par with investments in highways, roads and bridges. The telephone survey of 1001 registered voters was conducted in early January by a bipartisan polling team from American Viewpoint (R) and Hart Research Associates (D) on behalf of public television. In a joint memo released today, the pollsters write, “ Our survey finds that while the country may be deeply divided on many issues, the importance of federal funding for public television is not one of them. In fact, with remarkable consistency, majorities of voters of all political stripes support federal funding for public television and do not want to see it eliminated. Voters see public television as a good value proposition for the American taxpayer, and express high levels of concern about the consequences should federal funding for public television be eliminated. “ These results show that Republican and President Trump voters overwhelmingly support public television and strongly oppose eliminating its federal funding,” said Linda DiVall of American Viewpoint. “ The voters that elected the President, including a majority of Republicans, put the taxpayer value delivered by public television on par with building highways, roads and bridges. Both are seen as high-value investments in America and its future.” “ The enormous benefits that public television delivers in terms of public safety and children’s programming are recognized across party lines,” said Geoff Garin of Hart Research Associates. “ In a time of deep division in Washington and around the country, the strong bipartisan support for continued federal funding of public television is remarkable.” Hart Research Associates (D) and American Viewpoint (R) conducted a nationwide telephone survey among a representative cross-section of 1001 registered voters. Interviewing was conducted January 4-8, 2017, and the survey has an overall margin of error of ±3.1%. Charts and analysis of the Hart Research – American Viewpoint survey are available here. A memo on the results by Hart Research – American Viewpoint can be found here. PBS, with nearly 350 member stations, offers all Americans the opportunity to explore new ideas and new worlds through television and digital content. Each month, PBS reaches nearly 100 million people through television and nearly 28 million people online, inviting them to experience the worlds of science, history, nature and public affairs; to hear diverse viewpoints; and to take front row seats to world-class drama and performances. PBS’ broad array of programs has been consistently honored by the industry’s most coveted award competitions. Teachers of children from pre-K through 12th grade turn to PBS for digital content and services that help bring classroom lessons to life. Decades of research confirms that PBS’ premier children’s media service, PBS KIDS, helps children build critical literacy, math and social-emotional skills, enabling them to find success in school and life. Delivered through member stations, PBS KIDS offers high-quality educational content on TV – including a new 24/7 channel, online at pbskids.org, via an array of mobile apps and in communities across America. More information about PBS is available at www.pbs.org, one of the leading dot-org websites on the internet, or by following PBS on Twitter, Facebook or through our apps for mobile and connected devices. Specific program information and updates for press are available at pbs.org/pressroom or by following PBS Pressroom on Twitter.
News Article | March 3, 2017
CHARLOTTE, NC, March 03, 2017-- Bank/Alternative Lender Strategic Partnership Summit (May 10-11 at the Princeton Club in NYC) will be narrowing the event focus to cover in-depth small business lending partnerships between banks and fintech firms for their 2017 program.The growing online lending industry has been re-paving the way for banks to step back into small business loans in a big way. Some banks have already taken that leap, not by themselves but by partnering with fintech companies. Major players like JP Morgan, and Citi have already formed alliances to help with not only extending small business loan offerings online but in some cases to help speed up the loan approval process dramatically.Bringing together a well thought out line-up of industry experts, the Bank/Alternative Lender Strategic Partnership Summit plans to examine the process of partnership from both sides. Banks and alternative finance companies will hear key experts unpack what opportunities exist and where caution should be exercised.Kabbage--a data and technology real-time lending platform as well as a player in the small business lending space will be one of the companies featured at the summit. Kevin Phillips, Kabbage's head of corporate development and conference chair, believes that this year will see an uptick in bank/alternative lender partnerships. Phillips recently stated, "As a result of the work of and good execution by early adopters, 2017 looks to be the year where fintech-bank partnerships move into the mainstream."In one-and-a-half-days, a diverse panel of senior industry executives from the American Banker's Association, Cross River Bank, The Private Bank, along with fintech companies such as Fundation, Kabbage, LendKey, OnDeck, Orchard Platform and SmartBiz will be among key experts holding candid discussions on the opportunities, challenges, and the future of the small business lending industry in an interactive setting.A hard look will be given to topics such as key factors for identifying an ideal partner; how to know when to walk away from a potential partnership; the ways banks and fintech companies are teaming up to improve underwriting and risk management; and, the essential steps for conducting due diligence.More information about the summit can be found at https://goo.gl/c6Kx7b About Financial Research AssociatesFinancial Research Associates (FRA) provides the financial community with access to business information and networking opportunities. Offering highly targeted conferences and events, FRA is a preferred resource for executives and managers seeking cutting-edge information on the next wave of business opportunities. For more information on upcoming conferences and events, visit our website at www.frallc.com
News Article | February 16, 2017
The below market commentary was written by Eric W. Noll, Convergex CEO NEW YORK, Feb. 16, 2017 /PRNewswire/ -- Summary: MiFID II, an upcoming piece of legislation from European Union regulators, upends the traditional linkage between trading commissions and investment research in ways both the money management and brokerage industries have yet to fully understand. It will force both the explicit pricing of sell-side research and the defense of those expenses to asset owners by money managers. Moreover, while this is an EU directive, we expect many global asset owners to eventually embrace its core principles of explicit pricing and transparency. By virtue of our market leadership in the Commission Sharing Agreement business through Westminster Research, we stand ready to offer solutions and act as a guide to our money management clients as they face these new challenges. "Half the money I spend on advertising is wasted; the trouble is I don't know which half." That century-old quote from John Wanamaker, one of America's most famous merchants, is as true today as it was in his time. Every business knows they have to advertise to attract new customers and retain old ones, but even in the Internet Age the advertising game remains – at best – an imprecise science. There is a close analog living on Wall Street: the value of the sell-side equity analyst. Every Director of Research knows that half of their firm's analysts generate most (if not all) of the aggregate profitability of their team. Sometimes that is because the analyst in question has a history of great calls. Other times, it is because they run the best-attended conference in the sector. In still other instances, it is just "right place, right time" - a solid analyst who happens to cover a sector that has gotten hot of late. On the investment management side of the business, Wanamaker's adage has similar relevancy when it comes to the research these asset managers purchase from those brokerage firms. Half – if not more – of the content a portfolio manager/analyst receives from the Street is perceived to have little-to-no value. Sometimes that perception is based on the principle that it is simply not value-added work, and sometimes that the research addresses a company or sector that is currently out of favor. That is an important difference of course, even if it does not change the 50/50 calculus. This is all about to change, and the catalyst comes from the European Union with its Markets in Financial Instrument Directive (commonly called MiFID II). Set to take effect on January 3, 2018, it requires investment managers to rethink how they pay for brokerage firm research. No longer will they be able to bundle commission payments for trading execution and research services. After January 3, 2018, if they want to purchase brokerage firm research, there are just two options: That might all sound innocuous enough, but once you think through the ramifications it becomes clear that big changes are afoot. For example: Take a moment and consider the ramifications of these changes. Here are just a few novel questions and issues they raise: How does the sell-side develop a service menu to help their clients budget their research spends? Over the decades, brokerage firms have refined a dynamic pricing model that enable them to essentially charge different prices to different customers for the same product, all the while looking to capture every bit of potential revenue. Now, clients will want to know exactly how much a report or an analyst visit or a conference will cost. It's like going from a family-style buffet restaurant to a dining establishment with a la carte pricing. While U.S. based asset managers may not necessarily have to comply with MiFID II, it is important to emphasize that we anticipate this directive will ultimately have a global impact as it is now virtually impossible to contain regulation within geographic boundaries. As global managers do business with European asset owners, they may ultimately make a decision to adapt their current procedures to give them the operational capacity to respond to the MiFID II Directives and err on the side of caution. Now, if you want a playbook for how all this looks, we have it. Our Westminster Research Associates business has been around for 20+ years, helping clients with exactly the sort of challenges they will face with MiFID II. For example: In summary, MiFID II may be an EU regulation but it will almost certainly change broker-provided investment research around the world. We see that as a positive development because with greater transparency will come more accountability and, ultimately, a more efficient research marketplace. Clients will get more of what they want – truly differentiated research that helps them perform – while tracking what that resource costs and explicitly evaluating its cost and benefits. Will this be an easy transition? Of course not, but we are focused on making all of the necessary changes to our business model to meet the MiFID II requirements that will enable our clients to respond effectively to the new environment. The quote with which we started this note mentioned that half of all advertising is wasted. It could well be that half of all broker research is unwanted. Only time will tell. But with MiFID II on the horizon, we are on the road to finally determining which half is truly valuable. And that is a journey worth taking, both for brokers and for asset managers.
News Article | February 15, 2017
NEW YORK, Feb. 15, 2017 /PRNewswire/ -- Convergex, an agency-focused global brokerage and trading related services provider, announced today that it recently hired Robin Strong as Managing Director. Mr. Strong is based out of Convergex's London-based brokerage and will be responsible for expanding the firm's broad range of commission management, research payment and outsourcing services to buy and sell-side investment firms on a global basis. A 25-year financial industry veteran, Mr. Strong's responsibilities include delivering Westminster Research Associate's unbundling and MiFID II compliant solutions to its growing European client-base. Prior to joining Convergex, Mr. Strong founded The Investment Data Utility and previously worked at Linedata, where he was responsible for business development and client adoption strategies across the EMEA region. Mr. Strong started his career at Salomon Brothers in London and has also held senior positions at Fidessa, Charles River Development, Citadel Associates and Asset Control. "Robin is a welcome addition to Convergex's experienced European sales team as his vast background and financial industry experience complements the firm's commitment to expanding its global team with the goal of providing more solutions and opportunities to our client-base," said Philip Gough, CEO of Convergex Limited, Convergex's London-based brokerage. Westminster Research Associates is also preparing for reforms outlined in the Markets in Financial Instruments Directive (MiFID II) which are currently expected to go into effect on January 3, 2018. One of the key delegated directives requires firms to manage payments for research through Research Payment Accounts (RPAs) or to pay for the research directly. Westminster is preparing to work with RPA software providers and to offer a complete RPA solution on a global basis. Mr. Strong will also play an integral role as Westminster expands its platform to allow investment managers to physically aggregate CSA credits within an RPA structure and provide compliant payment solutions to over 7,000 different research providers. "Westminster's structure provides investment managers with the flexibility to seek best execution through a network of over 250 executing broker-dealers while crediting the research portion of their trade to a centralized account, helping money managers streamline their CSA administration and management," said Chris Tiscornia, President and CEO of Westminster Research Associates. Westminster is a FINRA registered broker-dealer specializing in providing investment research and commission management solutions to the institutional investment community. The flexible commission management solution allows investment managers to execute through top-tier institutional execution desks, while consolidating all of the administrative, servicing and reporting functions of their research business with one firm. About Convergex Convergex is an agency-focused global brokerage and trading related services provider that takes on the industry's toughest challenges, from complicated trades to complex businesses. With clients' interests as the top priority, Convergex delivers comprehensive solutions that span global high-touch and electronic trading, options technologies, prime brokerage, clearing, commission management and beyond. Headquartered in New York with a presence in several other locations including Atlanta, Boston, Chicago, Orlando, San Francisco and London, the company serves nearly 3,000 clients accessing over 100 global market centers. Important Information Convergex is an agency-focused global brokerage and trading related services provider. In the U.S., Convergex offers products and services through Convergex Execution Solutions LLC (member NYSE/FINRA/NFA/SIPC), of which Convergex Prime Services and Options Trading and Technology are divisions; Westminster Research Associates LLC (member FINRA/SIPC); and Convergex Solutions LLC, of which Jaywalk and LDB are divisions. In London, Convergex operates through Convergex Limited, which is incorporated in England and Wales (registered with company number 06262150). Convergex Limited is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. Westminster Research Associates LLC is regulated in the United States by the U.S. Securities and Exchange Commission. Westminster provides services in Australia pursuant to an exemption from the requirement to hold an Australian financial services license under the Corporations Act 2001 (ASIC Class Order [CO 03/1100]). Convergex provides brokerage services primarily on an agency basis, but may operate in a riskless principal and/or net trading capacity, and in connection with certain ETF or ADR transactions, may act as principal or engage in hedging strategies. Convergex does not engage in market making or investment banking activities. The material, data and information (collectively "Convergex Information") that is available from Convergex is intended for institutional investor use only; is for informational purposes only; is subject to change at any time; is not intended to provide tax, legal or investment advice; and does not constitute a solicitation or offer to purchase or sell securities. Convergex Information is believed to be reliable, but Convergex does not warrant its completeness or accuracy and Convergex assumes no duty to update such information. Clients should read their account agreement(s) and documentation with Convergex carefully as those documents contain important information and disclosures about the products or services covered thereby. Convergex is not responsible for third-party information or services, including market data from the exchanges. (Rev. 01/03/17)
News Article | February 27, 2017
Ad hoc Research Associates, LLC is proud to announce that it has received 8(a) certification from the Small Business Administration (SBA).