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SOURCE Esposito Securities
DALLAS, Oct. 21, 2013 /PRNewswire/ -- Esposito Securities is a fast-paced, technology-driven company whose mission is to be the leading financial services provider by outperforming our competitors and providing exemplary service to our clients. We strive to earn and maintain the trust of clients and employees through our core values of integrity, commitment, respect, and innovation. In May of 2013, the Esposito brand expanded its reach with the addition of the Esposito Corporate Bond Group. The group executes fixed income trade orders on behalf of its core business Esposito Securities, and is made up of some of the industry's leading trading and sales professionals. This branch of the Esposito team is made up of two senior traders, a Bloomberg specialist, a senior sales specialist, and an Electronic Communication Network specialist, having over 65 years of combined experience.
Since the origination of the Esposito Corporate Bond Group in May of 2013, our team of professionals has consistently exceeded expectations on a daily basis. While maintaining a 98%+ fill ratio in the third quarter of 2013, the group has executed thousands of trades, within hundreds of individual CUSIPs. Volume is expected to exceed $1B within the first year. Currently, we trade with 213 separate companies, including many of the largest and biggest named firms in the industry. "We are extremely pleased with the third quarter results that our Corporate Bond Desk generated in its first year of existence. We are excited to see the positive trend continue in the remainder of the fiscal year," said Mark Esposito, President of Esposito Securities.
Esposito Corporate Bond Group currently utilizes various electronic trading platforms, including BONDDESK, Knight BondPoint, Tradeweb Retail, The MuniCenter, and Bloomberg ALLQ. At Esposito, we execute trades with respect to trade sizes between $5K and $5MM. By holding our own inventory, along with our broad range of trade sizes, ECBG is able to provide firm, competitive pricing to our entire client base. "We pride ourselves on the integrity of our markets and the efficiency of our systems that achieve straight through processing," said John Shelburne, Vice President of the Bond Group. Given that we can commit our own capital to the markets, there are no middleman markups, trading is instantaneous, and clients have a greater chance of receiving best price execution.
About Esposito Global
Esposito Global is the corporate brand for the Esposito family of financial services companies. Its businesses include Esposito Securities, Esposito Partners, and Esposito Private Equity Group. The firm's mission is to be the leading financial services provider through outperformance of competitors and exemplary service to its clients.
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