DERIVATIVES
Dedicated to service excellence for its institutional customers, I. A. Englander leverages its options and equity trading acumen by employing leading-edge technologies to optimize the speed and efficiency of complex derivatives trading. Now in its third decade, Englander continues to strengthen its core options business while also leveraging the market intelligence derived from a commanding presence in the derivative marketplace.
Always keen to advance the interests of its customers, Englander is steadfast in its commitment to providing clients with new ways to access the various financial markets, supported by user-friendly technology. Beyond traditional equity options, Englander has experienced teams of professionals participating in a variety of related derivative products.
FLOOR EXECUTION
I. A. Englander has been a leading options floor brokerage firm since joining the American Stock Exchange in 1977. Subsequent expansion resulting in establishing operations on the CBOE, the Pacific Coast Exchange, and most recently, the ISE.
STRUCTURED PRODUCTS
In 2001 Englander established a Structured Products Desk in midtown Manhattan to better serve its institutional client base.
For more information please contact:
Michael Frankel at 212-841-4503 or mfrankel@iaenglander.com
BUYSIDE INSTITUTIONAL EQUITY EXECUTION
I.A.Englander delivers superior equities execution for our instituional buyside clients. Our operation is managed by Scott Goldfarb and supported by his experienced team of professional traders.
Please contact Scott Goldfarb at (312)285-0904 sgoldfarb@iaenglander.net.
ETFs AND EQUITY DERIVATIVES
Exchange Traded Funds (ETFs): I. A. Englander has a seasoned professional staff manning the ETF pit on the American Stock Exchange. Led by Pete Santoro, and assisted by Steve Wald, an industry veteran working with Englander for more than 15 years, Englander has built a commanding position in the ETF market.
ETFs are generally described as essentially "passive index funds" that allow investors to trade a portfolio of securities in a single transaction, accommodating style-specific index exposure on domestic indexes both domestic and international. There are several different structures of index ETFs, with varying diversification rules, investment requirements, and redemption characteristics.
Please contact Peter Santoro at (212) 306-1420 or psantoro@iaenglander.com for additional information.
SPX & INDEX OPTIONS
I. A. Englander has a dedicated group of traders participating in the index option pits on the CBOE, including all of the major indices, primarily: DJX - the Dow Jones Index; SPX - the S&P 500 Index; QQQ - Qubes; and MNX - the Mini-NASDAQ.
Englander concentrates on SPX options that are based on the S&P 500 index, considered the most representative basket of stocks relative to the broader market. Participating in the SPX market, particularly during times of extreme market volatility, provides both buy side clients and sell side proprietary trading desks with an attractive hedge against an existing portfolio of stocks.
The firm distinguishes itself in SPX trading due to its commanding share of the market (approximately 20% of the average volume is handled by Englander's traders). Englander receives order flow from many of the major U.S. and European investment banks and clients that speak directly with Englander's floor brokers have access not just to the liquidity on the exchange floor but also the liquidity represented by the order flow of Englander's other clients.
For more information on SPX Trading Operations, please contact Steve Schneider at 312-663-1675.
Israel A. Englander & Co.
666 Fifth Avenue
New York, NY 10103
212-841-4500
Characteristics and Risks