Auerbach Grayson & Company

What Auerbach Grayson & Company does

Auerbach Grayson & Company is an independent agency-only global brokerage firm founded in 1993 and headquartered in New York. It provides institutional investors — mutual funds, pension funds, hedge funds, and similar entities — with single-point access to capital markets across 120+ countries via an exclusive network of local broker partners who are direct members of their respective stock exchanges. The firm's sole client relationship model operates under SEC Rule 15a-6, restricting its service population to U.S. institutional investors; it explicitly takes no proprietary positions and earns commissions only as agent.

The company operates four interconnected service lines: Local Research (locally written coverage of thousands of public companies across developed, emerging, and frontier markets), Corporate Access (roadshows, meetings, and conferences with corporate management), Capital Markets Transactions (participation in IPOs, follow-ons, private placements, accelerated book builds, secondary sales, and block trades), and Execution & Settlement (24/6 trading desk with a proprietary electronic settlement system developed over 25 years that ensures uniform settlement across the partner network). Supporting infrastructure includes dedicated regional sales desks for Asian, CEEMEA, Latin American, and Western European markets, plus a secure client research portal. The firm also owns BancTrust & Co., a London-based emerging markets investment bank, as a wholly-owned subsidiary.

Revenue is generated entirely through transaction-based commission income shared with local partners, with customary local institutional rates and no mark-ups or double commissions. The firm charges no disclosed pricing tiers because services are tailored to institutional clients. Distribution is purely direct via the regional sales teams and the partner network — Auerbach Grayson takes no principal risk, holds no inventory, and serves as a transparent intermediary. Operationally the firm is lean (11–50 employees) and FINRA/SIPC regulated.

Name

Auerbach Grayson & Company

Legal name

Auerbach Grayson and Company LLC

Website

https://agco.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Auerbach Grayson is an independent agency-only global brokerage firm, founded in 1993 and headquartered in New York, providing U.S. institutional investors with execution, settlement, research, and capital markets access across 120+ markets via an exclusive network of local broker partners.

Ownership category

akta.pro rank

Product category

Institutional Brokerage Services

NAICS

Investment Banking and Securities Intermediation (52315), Miscellaneous Intermediation (523910)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Institutional Brokerage & Agency Execution (FSAEACAC)

akta.pro secondary industries

Independent Broker-Dealer / Registered Representative Networks (FSAEACAG), Agency Equity Execution (Cash Equities) (FSACAFAA)

Keywords

• Global securities brokerage
• Institutional trading services
• Emerging markets research
• Capital markets execution
• Cross-border equity trading

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

Revenue model

1. Commission-based Brokerage: Agency-only brokerage generating revenue through commissions on executions across 120+ markets. Acts as agent only with no proprietary trading, sharing commissions with local partner brokers. Charges customary local institutional rate with no mark-ups or double commissions.
2. Research Services: Locally written research on thousands of public companies in developed, emerging and frontier markets provided to institutional clients
3. Corporate Access: Direct contact with corporate managers and analysts via roadshows, meetings and conferences
4. Capital Markets Transactions: Connecting clients with equity capital market offerings including IPOs, follow-on offerings, private placements, accelerated book builds, secondary share sales, and block trades

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Auerbach Grayson is an independent agency-only global brokerage firm that provides institutional investors with direct access to 120+ capital markets worldwide. It delivers four interlocking services through a network of 120+ exclusive local broker partners: locally written research on thousands of public companies, corporate access via roadshows and conferences, equity capital markets transactions (IPOs, follow-ons, block trades), and execution and settlement. The firm acts solely as agent — no proprietary trading — and operates a 24/7 trading desk from its New York headquarters.

Product overview

Auerbach Grayson is an independent agency-only global brokerage firm providing institutional investors with direct access to capital markets across 120+ countries. The company operates four interconnected service lines: Local Research (covering thousands of public companies globally), Corporate Access (roadshows and direct corporate engagement), Capital Markets Transactions (connecting clients with equity offerings worldwide), and Execution & Settlement (proprietary trading and settlement systems operating 24/6). The services are delivered through a worldwide network of exclusive local broker partners who are direct members of their respective stock exchanges, with headquarters in New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Local Research Locally written equity research on thousands of public companies across developed, emerging, and frontier markets, delivered to institutional investors.
• Corporate Access Direct contact between institutional clients and corporate managers and analysts via roadshows, meetings, and conferences in almost every market worldwide.
• Capital Markets Transactions Equity capital markets execution service connecting institutional clients with IPOs, follow-on offerings, private placements, accelerated book builds, secondary share sales, and block trades across 120+ markets via the firm's local broker partners.
• Execution & Settlement Order routing and settlement service that ensures accurate, timely, and cost-effective execution and settlement in 120+ markets worldwide, supported by a proprietary electronic settlement system operating 24/6.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core.

• Avesta Investment GroupcoreChannel Partner/ Reseller/ DistributorUzbekistan-focused investment banking firm specializing in financial advisory, corporate finance, securities brokerage and custody, real estate, asset management and research. Founded in 2003, fully owned by managing partners with team from Morgan Stanley, Deutsche Bank, Credit Suisse.
• Morgans Financial LimitedcoreChannel Partner/ Reseller/ DistributorAustralian full-service financial services firm providing stockbroking, financial planning, and wealth management services.
• Arqaam CapitalcoreChannel Partner/ Reseller/ DistributorSpecialist emerging markets investment bank established in 2007, operating from Dubai, Cairo and Johannesburg. Provides research on 280+ MEA companies across 26 countries.
• Swiss CapitalcoreChannel Partner/ Reseller/ DistributorDominant market leader of Bucharest Stock Exchange with approximately 28.3% market share. Lead manager for Nuclearelectrica IPO and other major Romanian offerings.
• Vietcap SecuritiescoreChannel Partner/ Reseller/ DistributorFastest-growing financial services firm in Vietnam with leading investment bank and brokerage. Advisor to nearly all landmark IPOs, M&A, and capital raising transactions. Achieved 29% foreign trading market share.
• Dragon CapitalcoreChannel Partner/ Reseller/ DistributorIndependent investment bank based in Kyiv dedicated to helping Western institutional investors on Ukraine's capital markets. Provides full-service brokerage, corporate finance, asset management and custody services.
• Halyk FinancecoreChannel Partner/ Reseller/ DistributorFirst and only investment bank in Kazakhstan to receive high credit rating from Fitch Ratings (BB with Positive outlook). Provides brokerage, asset management, market research, and underwriting.
• Imara CapitalcoreChannel Partner/ Reseller/ DistributorInvestment banking and asset management group with expertise in sub-Saharan Africa and Indian Ocean territories. Largest stockbroking house in Zimbabwe. Funds under management exceed US$135m.
• Stanbic IBTC StockbrokerscoreChannel Partner/ Reseller/ DistributorLeading stockbroking franchise in Nigeria, wholly owned subsidiary of Stanbic IBTC Holdings Plc (Standard Bank Group). Market leader in transaction value from 2006 to 2021.
• SinoPac Securities CorporationcoreChannel Partner/ Reseller/ DistributorFirst OTC securities firm in Taiwan, wholly-owned subsidiary of SinoPac Financial Holdings. Large-scale comprehensive securities firm with capital of NT$16.212 billion and 47 business locations.
• OCBC SecuritiescoreChannel Partner/ Reseller/ DistributorPart of OCBC Bank, one of Asia's leading financial services groups with total assets of S$188 billion. Network of 490+ branches across 15 countries.
• BancTrust & Co.coreChannel Partner/ Reseller/ DistributorLondon-based investment bank focused on Emerging Markets offering corporate and investment banking, securities dealing and financing, and investment research. Located at 110 Bishopsgate, Level 24, London, UK.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rosenblatt Securities: Small, independent institutional broker-dealer focused on equities execution, research and trading. Operates a comparable agency-only model targeting institutional clients with a small footprint, similar in scale and positioning to Auerbach Grayson.
• ITG (Virtu Financial): Agency execution specialist acquired by Virtu Financial, providing institutional equity trading and analytics. Competes directly on agency brokerage for institutional clients.
• Liquidnet: Institutional agency trading network focused on block liquidity and equities execution for large asset managers. Operates a similar agency-only intermediation model serving institutional investors globally.
• Instinet: A Nomura-owned institutional agency broker providing equities execution across global markets. Instinet is the closest direct competitor to Auerbach Grayson's agency-only institutional execution model.
• BTIG: Independent institutional broker-dealer offering global execution, research and capital markets. Comparable as a mid-sized independent serving institutional investors with multi-region execution.

Broad incumbents

• Morgan Stanley: Global bulge bracket with extensive EM and frontier equities trading, research and capital markets capability. Competes for institutional execution mandates across the same geographies.
• Jefferies: Mid-market bulge bracket with a strong EM equities execution and capital markets franchise. Competes for institutional orders and capital markets mandates across global markets, including frontier jurisdictions.
• Goldman Sachs: Bulge-bracket bank offering global equities execution, EM research and capital markets at massive scale. Overlaps with Auerbach Grayson's institutional execution franchise but is far broader and offers principal liquidity.
• JPMorgan: Bulge-bracket bank with one of the largest global equities execution and EM research franchises. Competes for the same institutional clients across developed, emerging and frontier markets.

Emerging players

• Mako (IEX Group): Electronic global equities trading platform (now part of IEX) focused on institutional execution in emerging and developed markets. Represents the electronic/fintech model competing against traditional agency brokers including Auerbach Grayson.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/auerbach-grayson

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

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 Auerbach Grayson & Company