Auerbach Grayson Named Best Performing Broker in Africa

NEW YORK, Wednesday, October 6th 2010 [ME NewsWire]:
Firm Receives Award From Africa Investor

(BUSINESS WIRE)-- Auerbach Grayson & Company, Inc., a New York-based brokerage firm that specializes in providing global trade execution and exclusive research to global institutional investors, was announced ‘Best Broker in Africa’ for Africa Investor’s 2010 Index Series Awards at the New York Stock Exchange.

“We have been visiting Africa for the last 15 years and I am proud to say that Auerbach Grayson has been one of the earliest, if not the first, non-African agent for this region’s economic development,” said Jonathan Auerbach, co-founder and Managing Partner of Auerbach Grayson. “Africa has a clear advantage in the generational, secular event we call ‘the leveling of the global economic playing field.’ Transactional efficiency, electronic trading platforms and book entry custody have made many markets in Africa as efficient as in the developed world.”

Auerbach Grayson has been actively investing in Africa for well over a decade and built their global coverage network by establishing exclusive partnerships with leading brokers in each operating market. The firm provides U.S. institutional investors with on-the-ground equity research, trading and settlement through exclusive relationships with local brokers in 23 sub-Saharan markets. On a global basis, they similarly cover more than 125 developed, emerging and frontier equity markets.

The Africa Investor Index Series Awards are the only international, pan-African awards that recognize and reward Africa’s institutional investors, stock exchanges, listed companies, stockbrokers, and capital market regulators. The awards assess performance between April 2009 and April 2010. The criteria for the best broker in Africa consists of the number of African companies covered, their ability to trade across multiple markets and currencies, the volume and values of shares traded as well as the quality of their research.

“We are proud to receive such a prestigious honor from our peers as the only non-African based firm among the nominees,” added Auerbach. “The African Investor Award reaffirms Auerbach Grayson’s status as the most active broker in terms of volume across all of the continent’s stock exchanges, with first-hand knowledge of specific countries, sectors and stocks institutional investors should have on their radar.”

About Auerbach Grayson (www.agco.com)

Founded in 1993 in New York City, Auerbach Grayson offers a full range of global in-depth research, trade execution and settlement services in equities, derivatives and fixed-income instruments to U.S. institutional clients through its network of local broking partners in 128 countries. The firm also provides and implements hedging and arbitrage strategies. Auerbach Grayson is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities investor Protection Corporation (SIPC).

For media enquiries, please contact:
Auerbach Grayson & Co.
Jonathan Auerbach, 212-453-3545
jonathan@agco.com

Spring, O’Brien & Co.
Beth Leri, 212-402-1676
bethl@spring-obrien.com