Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Wall street to raise over $1m for at risk youth in NYC through Trading Day

Wednesday, October 17, 2012
Opalesque Industry Update: Youth, I.N.C. (Improving Nonprofits for Children) announced today that Canaccord Genuity, the global capital markets division of Canaccord Financial Inc., will sponsor the seventh annual Trading Day for Kids, a fundraising event that provides a vehicle for institutional investors to improve the lives of at-risk children and youth. On Thursday, October 25, Canaccord Genuity will donate 100 percent of commissions on designated equity, electronic, and agency options trades to Youth, I.N.C. The proceeds will benefit Youth, I.N.C.’s 43 youth-serving partner organizations and thousands of kids across New York City.

Since 2006, Trading Day for Kids has engaged more than 475 firms and has raised more than $7.6 million for Youth, I.N.C.'s capacity-building programs for its nonprofit partners. Institutional investors can support Trading Day for Kids by directing all equity trading activities to Canaccord Genuity on Thursday, October 25 and designating “Youth, I.N.C.” as the beneficiary of commissions on trades.

“Youth, I.N.C. has a unique and impactful business model that empowers enterprising grassroots organizations to become financially sustainability and impact a greater number of youth, largely through the support of the Wall Street community,” said Dan Daviau, President of Canaccord Genuity’s U.S. operations. “Canaccord Genuity is proud to partner with Youth, I.N.C. to help raise these critical funds for New York City children.”

In conjunction with Trading Day for Kids, Canaccord Genuity will also host a “Mentor Day” on Tuesday, October 23. Thirty high school students representing three of Youth, I.N.C.'s partner organizations including, Futures & Options, icouldbe.org, and Minds Matter NYC will spend the day at the firm learning about the financial services industry. Students will have the opportunity to meet with Canaccord Genuity senior executives and a panel of representatives from various divisions to get a snapshot of the company’s day-to-day business activities.

“We are honored to have a respected firm like Canaccord Genuity as our 2012 Trading Day for Kids partner,” said Steve Orr, Executive Director and Founder of Youth, I.N.C. “Canaccord Genuity’s partnership embodies Youth, I.N.C.’s mission of linking talent and resources from the for-profit sector with promising nonprofits. Their contributions and commitment have been remarkable and we are truly appreciative of their efforts to improve the lives of deserving youth in New York City.”

For more information about participating in the 2012 Trading Day for Kids, please visit http://www.youthinc-usa.org/tradingday

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance