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Companies represented by LaBranche & Co. enjoy reduced volatility, tighter spreads, increased liquidity and better trading continuity than many of their NYSE peers. This superior level of trading is accomplished through a unique blend of capital commitment, trading skills and management involvement at the point of sale.
As the most highly capitalized Specialist firm on the NYSE, we use our capital on behalf of our listed company clients and consistently earn the highest rankings in all measures of Specialist performance, including capital commitment, depth and trade continuity, and quotation spread.
The world-renown companies we represent and an entrepreneurial spirit fostered by our independence-minded culture attracts the top trading talent on the floor. Our Specialists are experienced and knowledgeable in every industry and are devoted to keeping abreast of corporate and industry developments. They work closely with our team of highly experienced managers, including several floor officials, governors and a NYSE director, to assure our clients receive the quality trading they deserve.
Hanno resistito anche alla crisi del '29
Our History
The following is a timeline highlighting some of the events that have shaped LaBranche for over a century:
January 1901 George M.L. LaBranche begins trading US Steel on the Broad St. outdoor curb exchange.
April 1903 Mr. LaBranche moves into the new NYSE facility on Wall Street.
January 1924 George M.L. LaBranche forms LaBranche & Co. with his son George M.L. LaBranche Jr. with three stocks.
October 1929 LaBranche & Co. becomes the Specialist in AT&T.
October 1929 Stock market crashes - record 16 million shares traded on October 29.
May 1933 Securities Act of 1933 enacted.
June 1934 Securities Act of 1934 enacted.
December 1966 Transmission of trade and quote data from Floor is fully automated.
April 1975 Fixed commission system abolished.
June 1975 LaBranche & Co. acquires Stonehill, Gitterman and Co.. Now has 10 seats and 37 stocks.
June 1975 Full consolidated tape introduced.
March 1976 Designated Order Turnaround (DOT) system inaugurated.
March 1976 Alternative listing standards adopted to facilitate listing of non-U.S. companies.
May 1976 Specialists begin handling odd lots in their stocks.
April 1978 Intermarket Trading System (ITS) inaugurated.
January 1990 LaBranche & Co. acquires Specialist firm Agora Inc.
December 1992 Glaxo, a LaBranche listed company, becomes the first non-U.S. company to be the most active NYSE issue.
August 1996 LaBranche & Co. conducts first client satisfaction survey.
May 1997 LaBranche & Co. is first Specialist to host educational conference for listed company clients.
June 1997 NYSE begins trading stocks in increments of one-sixteenth.
July 1997 LaBranche & Co. acquires a portion of the Specialist operations of Stern Bros., LLC.
August 1997 LaBranche & Co. acquires Specialist firm Ernst, Homans, Ware & Keelips.
July 1998 LaBranche & Co. acquires Specialist firm Fowler, Rosenau & Geary, LLC and becomes the leading Specialist in dollar volume traded on the NYSE.
August 1999 LaBranche & Co. launches IPO to become the first independent publicly-traded Specialist firm.
March 2000 LaBranche & Co. acquires Specialist firm Henderson Brothers, Inc.
March 2000 LaBranche & Co. acquires Specialist firm Webco Securities, Inc.
December 2000 LaBranche & Co. acquires the assets of an AMEX options Specialist.
January 2001 NYSE begins trading all stocks in decimal increments.
February 2001 LaBranche & Co. is first Specialist to begin wireless communication pilot from Floor to clients.
March 2001 LaBranche & Co. acquires Robb Peck McCooey Specialist Corporation.
August 2001 LaBranche & Co. acquires Cranmer & Cranmer, an American Stock Exchange Specialist firm.
October 2001 LaBranche & Co. acquires Specialist firm Bocklett & Co.
January 2002 LaBranche & Co. launches LaBranche Financial Services.
March 2002 LaBranche & Co. acquires AMEX Specialist firm Goin & Co. LLC.
June 2002 LaBranche & Co. launches LaBranche Structured Products, LLC as an options trading specialist.
September 2002 LaBranche & Co. acquires Rights Specialist firm Hochstin & Co.
June 2004 LaBranche & Co. launches LaBranche Structured Products Specialists, LLC as an ETF trading specialist on the NYSE.