Agency-only broker Bloomberg Tradebook will be hosting its second annual charity day where it will donate a day’s trading commissions to philanthropic causes.
Following the success of last year’s inaugural event, Bloomberg Tradebook is hosting its second annual Charity Day under the mantra “Trade it Forward.” Trading commissions will be donated to charities that support a diverse range of causes including, human services, youth development, the arts and disaster relief.
“Our theme is consistent with what we started last year – that is the financial community giving back,” said Ray Tierney, chief executive officer and president at Bloomberg Tradebook. “The Bloomberg culture encourages giving back to those less fortunate, and my goal is to align Tradebook’s philosophy with our corporate values.”
The event is slated to be held Thursday, Oct 17th from 8:30 am to 4 pm at Bloomberg Tradebook’s offices at in midtown New York City. On behalf of our partner charities, celebrities will act as sales traders manning the phones and taking orders on behalf of clients. This year’s celebrities include ex-New York Ranger Mark Messier, New York Yankee CC Sabathia, Actress Mariska Hargitay, Actor Chris Noth and model Petra Nemcova and record mogul Sean Combs.
Unlike last year, Tierney told Traders Magazine that this year’s event will include commissions from U.S. and global equities, foreign exchange and options trades. Tradebook is partnering with nine charities in total, based in New York and London. Commissions will be equally divvied up between all the charities.
Last year the event included commissions earned from trades in only U.S. equities and targeted U.S. charities. Fifty percent of the net amount last year was distributed equitably across the involved charities and the other 50 percent is allocated to the charities by Bloomberg Tradebook customers.
[See Last Year’s Tradebook Event Photos]
Next year’s charity day will include commissions earned from Asian equities.
“All nine charities are very important from the perspective of giving back,” Tierney said. “Most of these charities benefit children and education.”
Charities that are confirmed to benefit from the day’s commissions: New York Police & Fire Widows’ & Children’s Benefit Fund, the PitCCh In Foundation, the Network for Teaching Entrepreneurship, the Joyful Heart Foundation, Only Make Believe and the Labyrinth Theater Company.
Last year, Batman, Tiki Barber and other superheroes were Tradebook’s charity event “Trick or Trade” event. It was set to coincide with Halloween last year but was rescheduled to Nov. 8, after Hurricane Sandy devastated the East Coast.
More than $500,000 in trading commissions were generated at least year’s event, which benefited a diverse set of charities as well as Hurricane Sandy relief efforts in New York.
Bloomberg Tradebook also supports other charities throughout the year, such as Ronald McDonald House and Wings over Wall Street.
