LaBranche & Co.

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LaBranche Structured Products, LLC
Lablog.jpg
Founded 1924
Headquarters New York
Key People Michael LaBranche, chairman, president and CEO
Website http://www.labranche.com/

LaBranche & Co Inc. (LaBranche) is the parent of LaBranche & Co. LLC, one of the largest specialists in equity securities listed on the New York Stock Exchange and American Stock Exchange.

The company announced in December 2007 that it would continue a "strategic review" launched in July 2007, but focus on its "current business activities." Van der Moolen, a rival specialist, sold its North American business to Lehman Brothers in 2007 amidst declining volumes caused by the expansion of electronic trading and alternative trading venues[1].

LaBranche is also the parent of LaBranche Structured Holdings, Inc., whose subsidiaries are specialists and market makers in options, ETFs and futures on various exchanges domestically and internationally. Specialists and market makers are liquidity providers, bringing capital and critical expertise to securities markets.

Another subsidiary of LaBranche, LaBranche Financial Services, Inc., provides securities execution, clearing and direct-access floor brokerage services to institutional investors.

References

  1. Press Release. LaBranche.