Cheevers & Company Launches Corporate Buyback Execution Desk

CHICAGO--()--Cheevers & Company, Inc., an agency-only brokerage providing execution services for a diverse range of institutional clients and asset managers in both domestic and international equities, announced today that it has added corporate buyback execution to their expanding list of capabilities.

Corporate buybacks, transactions where a corporation purchases shares of its own stock from stockholders, are intended to enhance shareholder value and protect the company from market fluctuations. Cheevers & Company will execute corporate repurchases through the safe harbor of SEC Rule 10b-18, which allow issuers to trade during blackout periods and have an affirmative defense against insider trading violations.

To help ensure the success of the new corporate buyback capability, Cheevers & Company is working with independent third party provider Quantitative Services Group (QSG) to measure execution quality. By partnering with QSG, Cheevers & Company continues to go above and beyond to track their performance and consistently move towards attaining the best execution results.

Laura Yunger, President of Cheevers & Company, commented, “Expanding to include corporate buyback execution capabilities exemplifies our commitment to serving our clients’ diverse needs. We will continue to measure our execution, as we do with all of our offerings, to help our customers capture as much alpha as possible.”

To help oversee the corporate buyback service, Cheevers & Company brought on a new institutional sales trader, Brett Klein. Klein comes to Cheevers & Company from Northern Trust, where he served as an expert in the field of 10b-18 trading. To learn more about the corporate buyback desk, please contact Brett Klein at 312-663-2784.

About Cheevers & Company, Inc.

Cheevers & Company, Inc. is an agency-only brokerage firm that provides execution services for institutional clients in both domestic and international equities. Based in Chicago, Cheevers & Company has been offering clients proven reliability in execution services through their experience, innovation, and performance since 1982. Their clients include major brokerage houses, investment banks, asset managers, and pension funds. In constant search for best execution, Cheevers & Company has expanded its reach to include most domestic liquidity pools, as well as international markets. Cheevers & Company’s wide breadth of liquidity pool access and trading algorithms empowers their clients with an abundance of execution choices. Cheevers & Company is a certified Women’s Business Enterprise (WBE) and a member of FINRA, SIPC, CHX, BATS, and DirectEdge. For more information, please visit www.cheeversco.com.

Contacts

for Cheevers & Company, Inc.
Drew Mauck, 312.725.7950
drew@3ptscomm.com
or
Ben Kaplan, 312.725.7951
ben@3ptscomm.com

Release Summary

Cheevers & Company, Inc., an agency-only brokerage providing equity execution services for institutional clients and asset managers, announced today that it has added corporate buyback execution.

Contacts

for Cheevers & Company, Inc.
Drew Mauck, 312.725.7950
drew@3ptscomm.com
or
Ben Kaplan, 312.725.7951
ben@3ptscomm.com