Industry Updates

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

Wednesday, October 17, 2012

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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

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