A.B. Watley Group Inc. · New York, NY United States ·(Pink Sheets: ABWG)
Company Description
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This link will open in a new window A.B. Watley Group wants you to trade up. Through A.B. Watley Direct, it provides online trading and related services to individual and corporate customers. The firm's institutional sales and trading desk handles anonymous, off-exchange, large-block transactions for mutual and pension funds, insurance companies, banks, corporations, and independent fund managers. A.B. Watley operates through the UltimateTrader (targeting individuals) and WatleyTrader (targeting institutional and large-volume traders). In 2009 former management of now-defunct daytrading subsidiary A.B. Watley, Inc. were convicted of conspiring to violate securities laws. To read the full description, subscribe now.
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Key A.B. Watley Group Inc. Financials
| Company Type | Public - Pink Sheets: ABWG Single Location |
| Fiscal Year-End | September |
| Annual Sales (mil.) | $9.5 |
| Employees | 14 |
A.B. Watley Group Inc. Executives
1 executives listed for A.B. Watley Group Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Steven Malin | Network |
Competition
Competitive Landscape for A.B. Watley Group Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top A.B. Watley Group Inc. Competitors
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