Rosenblatt Securities

What Rosenblatt Securities does

Rosenblatt Securities is a privately held, boutique institutional broker and investment bank founded in 1979 by Dick Rosenblatt on the floor of the New York Stock Exchange. The firm operates as an agency-only broker, meaning it does not trade for its own account, which structurally eliminates proprietary trading conflicts in execution advice. It maintains the largest floor presence among NYSE member firms and runs an upstairs program trading desk, serving institutional clients including hedge funds, asset managers, and institutional trading desks that require execution services in fragmented, automated markets.

The firm is organized around four integrated service lines: Equity Research, Investment Banking and Capital Markets, Execution Services, and Market Structure Analysis. Equity research focuses exclusively on TMT and FinTech sectors, staffed by analysts with prior industry operating experience across multiple market cycles. Investment banking provides M&A advisory and capital raising to TMT and FinTech issuers. Execution services combine human trading judgment with algorithmic automation on the NYSE floor and program trading desk. Market structure analysis, pioneered by the firm over 20 years ago, provides consulting on order routing, regulation, and exchange dynamics. Revenue is generated through three primary streams: agency execution commissions, recurring research subscriptions and payments, and episodic investment banking advisory fees. The firm also operates an annual conference franchise spanning technology, FinTech, market structure, and global exchange leadership themes, which functions as both a client engagement and pipeline-generation channel. Joe Gawronski serves as CEO and President, overseeing strategy across the firm's integrated platform.

Name

Rosenblatt Securities

Legal name

Rosenblatt Securities Inc.

Website

https://rblt.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

Rosenblatt Securities is a boutique, agency-only institutional broker and investment bank founded in 1979, serving hedge funds, asset managers, and TMT/FinTech issuers through equity research, execution services, investment banking advisory, and market structure consulting, with the largest NYSE floor presence.

Ownership category

akta.pro rank

Product category

Institutional Brokerage and Investment Banking

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (52315)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ)

akta.pro secondary industry

Buy-Side M&A Advisory (FSAEAGAB)

Keywords

• Institutional brokerage services
• Equity research
• Investment banking advisory
• Market structure consulting
• Agency execution services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Execution Services Commissions: Agency-only brokerage commissions from institutional equity and ETF trading, both from program trading desk and NYSE floor operations
2. Equity Research: Tech and FinTech sector equity research generating subscription and research payment revenue from institutional clients
3. Investment Banking Advisory: M&A advisory and capital raising services for TMT and FinTech companies

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Rosenblatt Securities is a boutique agency-only institutional broker and investment bank offering four integrated core services: Equity Research covering TMT and FinTech sectors, Investment Banking & Capital Markets for capital raising and M&A advisory, Execution Services from the NYSE floor and program trading desk, and Market Structure analysis and consulting. The firm serves institutional investors including hedge funds and asset managers, as well as TMT and FinTech companies, and also hosts major annual industry conferences.

Product overview

Rosenblatt Securities is a boutique agency-only broker and investment bank offering a unified platform of four core services: Equity Research covering TMT and FinTech sectors, Investment Banking & Capital Markets for capital raising and M&A advisory, Execution Services for quality execution from the NYSE floor and program trading desk, and Market Structure Analysis consulting. The firm also organizes several major annual conferences including the Technology Summit, European Market Structure Conference, Global Exchange Leader Conference, and FinTech Summit. The company operates as a single integrated platform rather than a modular architecture, providing unconflicted service to institutional clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Research TMT and FinTech equity research services provided by a team of experienced analysts, most of whom come from industry, covering technology, media, telecom, and financial technology sectors including Semiconductors, Cloud Communications, Cybersecurity, Digital Media, Internet Media, Software, Quantum Computing, and Comm & Cloud Infrastructure.
• Investment Banking & Capital Markets Capital raising and M&A advisory services focused on TMT and FinTech sectors, with unequaled domain expertise dedicated to helping companies with their capital raising and M&A needs.
• Execution Services Quality execution services tailored to each client's individual needs, operating from the floor of the New York Stock Exchange (the largest NYSE floor presence among all firms) and the program trading desk, with agency-only execution combining human judgment with automation.
• Market Structure Analysis and Consulting Market-structure analysis and consulting services pioneered over 20 years ago, helping clients navigate today's complex, fragmented and automated markets.
• SORT Report (Streamlined Order Routing Transparency) Streamlined Order Routing Transparency report providing insights on order routing practices for institutional clients navigating market structure.

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered notable and minor.

• LeveL ATSnotableImplementation/ SI/ Consulting Partner · 2 March 2022Served as exclusive strategic and financial advisor to LeveL ATS on its merger with Luminex, creating a unique and powerful trading network backed by a world-class consortium of buy side and sell side institutions and Nasdaq
• XTX MarketsminorOthersXTX Markets topped Rosenblatt Securities's widely-tracked ranking of non-bank SIs by volume for European cash equities

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Loop Capital Markets: Boutique broker-dealer and investment bank providing institutional sales, trading, and research with comparable scale and relationship-driven model to Rosenblatt's institutional execution business.
• Northland Securities / Colliers Securities: Boutique broker-dealer and investment bank providing equity research and IB advisory with technology sector overlap; comparable in boutique scale and agency-only orientation to Rosenblatt.
• Canaccord Genuity: Global capital markets division of Canaccord Financial with strong TMT and growth-company coverage, providing equity research, IB advisory, and institutional execution to hedge funds and asset managers.
• Needham & Company: Boutique investment bank and broker-dealer specializing in technology, media, and FinTech, with comparable agency execution, equity research, and IB coverage of growth TMT companies. Closest peer in business model and client focus.
• Roth Capital Partners: Boutique investment bank focused on small- and mid-cap growth companies, particularly in technology and consumer sectors, providing equity research, M&A advisory, and capital raising—directly comparable to Rosenblatt's TMT-centric model.
• D.A. Davidson: Employee-owned financial services firm offering institutional research, investment banking, and capital markets with a mid-market technology and growth-company focus comparable to Rosenblatt.
• MKM Partners: Boutique institutional broker and investment bank with strong technology and growth-company research, offering sales, trading, and IB services to similar institutional client segments.
• Craig-Hallum Capital Group: Mid-market boutique investment bank and institutional broker with strong technology sector focus, offering equity research, corporate advisory, and institutional execution services to similar client segments.

Broad incumbents

• Stifel Financial: Larger full-service broker-dealer and investment bank with institutional equity research and capital markets capabilities; several Rosenblatt senior analysts previously worked at Stifel/Thomas Weisel, indicating overlapping talent and client segments.
• B. Riley Financial: Diversified financial services firm with a meaningful investment banking and research platform, including the former FBR franchise, that overlaps with Rosenblatt's TMT and small-cap advisory franchise at a larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rbltsecurities
• LinkedInlinkedin.com/company/rosenblatt-securities

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rosenblatt Securities