The Schonfeld Group, LLC · Jericho, NY United States
Company Description
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This link will open in a new window Schonfeld Group wouldn't trade its customers for anything. It performs institutional brokerage services and provides retail trading services for day traders. Its majority-owned Lightspeed Trading platform, which caters to day traders and financial institutions, records approximately 1 million daily average revenue trades. Trillium Trading is a trading firm whose infrastructure supports algorithmic and black-box trading. Another unit, Schonfeld Capital Group, makes strategic investments in alternative assets such as hedge funds, private equity, and real estate. CEO Steve Schonfeld founded Schonfeld Group in 1988. To read the full description, subscribe now.
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Key The Schonfeld Group, LLC Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $327.1 |
| Employees | 867 |
The Schonfeld Group, LLC Executives
4 executives listed for The Schonfeld Group, LLC's Jericho, NY location.
| Title | Name & Bio | Contact |
| CEO | Steven Schonfeld | Network |
| Group President | Andrew Fishman | Network |
| VP and Director MIS | Mark Peters | Network |
Competition
Competitive Landscape for The Schonfeld Group, LLC
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top The Schonfeld Group, LLC Competitors
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