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Technology news

Marco Polo Exchange partners with Rosenblatt Securities


23 November 2022 US
Reporter: Jenna Lomax

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Image: Prostock-studio
Marco Polo Exchange (MPX) and Rosenblatt Securities have partnered to expand the distribution and execution services available to MPX's client base of foreign securities firms.

As part of the mandate, MPX will offer its distribution automation solution to Rosenblatt's existing brokers.

In turn, Rosenblatt will offer MPX's customers access to Rosenblatt's US and international equity trading services and buy-side relationships, to equip them with better access to US markets under the U.S. Securities and Exchange Commission (SEC) Exchange Act Rule 15a-6.

MPX is a Delaware-based financial service and technology firm expanding cross-border capital raising and investing.

Rosenblatt Securities is a tecnology research firm, investment bank, and independent institutional brokerage founded in 1979 and headquartered in New York.

Commenting on the mandate, Joe Gawronski, CEO of Rosenblatt Securities, says: "We have long been an advocate of expanding US institutional investor access to the universe of international investment opportunities and have offered bespoke services to a dozen or so leading foreign brokers for the past several years to foster that.

“MPX has invested heavily in technology and created the industry-leading compliance and distribution solution for foreign brokers. With the scale its portal has achieved through onboarding dozens of clients already, offering our foreign broker partners the opportunity to leverage MPX's centralised distribution and agile compliance platform is a no-brainer."

Steve Carlson, president of Marco Polo Securities, comments: "Over the past two years, we have invested in bringing a new level of automation and analytics to cross-border workflows, creating a destination for the buy-side to see the products and transact with foreign securities firms in a compliant manner.

“Today, hundreds of foreign firms seek to promote their products to US investors, either violating US compliance rules, or simply avoiding the US altogether out of respect for our rules. MPX is an invitation to bring that era to an end."

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