What a difference three months can make. With help from the European Central Bank, the threat of an imminent breakdown in the European financial system appears to have been averted, at least for now.
For most of last quarter, we at Jefferies chose to‚ 'bare it all? in what was for us an uncharacteristically public fashion. We entered November focused as ever on serving you, our clients, and immediately found ourselves facing a gauntlet of serious challenges that we felt we needed to address full force and head on.
On October 2, 1962, Jefferies was founded with a mission to provide cash equity trading clients with the opportunity to trade how and when they wanted. At the time, virtually all trading took place on stock exchanges, limiting privacy and subjecting all orders to high fixed commission rates.
To Our Clients Like many of you reading this note, we are “in the trenches” entrepreneurs working with our employee-partners to build Jefferies, with the goal of enhancing value for all our stakeholders – clients, shareholders, bondholders and employees. While our primary compass is long-term value creation, we all live in a world of daily, […]
This is the first issue of what we intend as a quarterly publication to our clients to share Jefferies’ insights and advice on the markets and other relevant topics, as well as to keep you abreast of developments at our firm.