BTIG Plans Annual Commissions for Charity Day in May
Traders Magazine Online News, February 5, 2013
Institutional broker BTIG has announced it is holding its annual commissions for charities day this spring on May 14.
The last commissions for charity day, its 10th anniversary, was held Wednesday, April 18th, 2012. That event raised $4.5 million for various charities.
Here's how it works. Commissions from equity, equity derivative and fixed income trades that are executed at BTIG's New York, Los Angeles, Boston and San Francisco offices will be donated. Celebrities and other star attendees work alongside BTIG traders answering clients' calls in order to raise money for a variety of children's charities.
Here are some of the charities that will receive a portion of the day's revenues:
Alliance for Lupus Research - http://www.lupusresearch.org
The Guardsmen - http://www.guardsmen.org
Capital for Kids - http://www.capitalforkids.org
March of Dimes - http://www.marchforbabies.org
Michael J. Fox Foundation for Parkinson's Research - https://www.michaeljfox.org
Project Sunshine - http://www.projectsunshine.org
Solving Kids Cancer - http://www.solvingkidscancer.org
No celebrities have been confirmed for this event yet. However, last year Michael J. Fox, Matt Dillon, Rex Ryan, Kelly Ripa, Tom Coughlin, Nick Swisher, Eli Manning, John McEnroe, Mariano Rivera, Bode Miller, Petra Nemcova, Rob Gronkowski, Matt Light, Ronnie Lott, Joe Morgan, Tony Gonzalez, Vida Blue, Stephen McGee, Phil Costa and Marcus Allen all lent a helping hand.
Like last year's monies were divvied up between 170 charities, most of which were children's charities. The 2011 event raised money for 180 Turning Lives Around, Alzheimer' Society, A Little Hope, Beat the Streets, Fallen Officers, Genocide Intervention Fund , Mothers Against Drunk Driving , March of Dimes, St. Jude's Children's Research Hospital and the Starlight Children's Foundation, to name a few.
As is the broker's longstanding practice, employees and clients not only contribute their time and finances to the event, but they also nominate charities and non-profits for donation consideration. BTIG encourages clients to select child focused organizations.
Over the last eleven years, BTIG's Charity Day has donated more than $21 million from equity, fixed income and derivative trading commission profits to 350 nonprofit organizations.
BTIG has offices in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Conn., Red Bank, N.J. and Orinda, Calif. The firm also has four overseas affiliates in London, Hong Kong, Singapore and Sydney.
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