EQUITY SALES AND TRADING
Enclave Securities, has two important equity sales and trading platforms,
The Foreign Broker Collective, currently expanding to provide Institutional sales and trading coverage for all of the world's equity markets, and
Deep Value Enclave, hosting the best of breed Deep Value suite of execution algorithms for domestic execution supported by the New York Stock Exchange and now available to offer The Best Execution on all US execution venues.
Enclave understands the needs and requirements of institutional investors. Whether trading in the U.S. or emerging markets, we provide our customers with a commitment to “best execution," access to corporate management, insightful research, and a continuous flow of timely market information and commentary.
Enclave's Foreign Broker Collective brings together Members who represent top ranked local stock brokerage firms who must satisfy at a minimum three criteria, 1) extensive quality research, 2) broad based corporate access, and 3) execution through their own direct market access (DMA). Foreign Member Firms are encouraged to have Enclave host their regional sales specialists in New York, but through Consent of Service Agreements may also reach out to US Major Institutional Investors directly from their local offices.
Foreign Broker Collective Members
African Alliance - Sub-Sahara Africa
http://www.africanalliance.com
African Sunrise Partners LLC - African market commentary and corporate access
http://www.afrsun.com
ATA Invest - Turkey
http://www.atainvest.com
CI Capital Holding - Egypt and MENA
http://www.cibeg.com
PT Bahana - Indonesia
http://www.bahana.co.id/
Wood and Company - Eastern Europe
http://www.wood.com/
RISK FACTORS
An investment in emerging securities involves certain risks, including the risks specified below:
Emerging Market Risk
While the prospects for economic growth in emerging markets are considerable, generally accepted accounting, auditing and financial reporting practices in those markets may be, and frequently are, significantly different from those in developed markets. In relation to mature markets, some emerging markets may have a low level of regulation, enforcement of regulations and monitoring of investment activities. The securities markets of emerging markets are not as large as more established securities markets and may at times have substantially less trading volume, resulting in high price volatility and a lack of liquidity. The emerging markets have at times exhibited high volatility and sudden declines in prices and therefore cannot be assured to give stable and/or positive returns in the future.
Currency Risk
Most emerging markets operate under a fixed exchange rate regime with their currencies pegged to that of the U.S. Dollar. Any shift in the fixed exchange rate of a country may potentially expose investors to adverse fluctuation in returns.
Term of Investment
Equity investments by their nature are high-risk investments with possible sudden decline in prices due to various factors resulting in a potential loss of capital.
Liquidity
In many emerging markets, the liquidity and marketability of quoted securities may be limited due to lack of depth and narrow investor participation. The market capitalization of these markets is lower than that of more developed markets.
Economic and Political Stability
Investment in emerging markets may carry a high degree of economic and political risks. The economies of emerging markets while striving to diversify are primarily oil driven economies. A prolonged period of low oil prices can potentially affect the economic health of the emerging economies and may result in an overall recession in the region.
The foregoing is not a comprehensive list of investment risk factors, and potential investors are urged to consult with their professional advisors as to the legal, regulatory, tax and business risks involved in investing in emerging markets.
