Institutional Equity

Rice Financial’s Equity Trading and Sales Group offers execution services to institutional clients in global equities and U.S. options. Our experienced team develops tailored solutions for institutional investors navigating today’s increasingly complex markets. The firm’s full-service, in-house trading capabilities allow us to assist clients with agency-only, non-conflicted anonymous trade execution services, with a specialization in corporate buyback programs. To complement our high-touch executions, we also offer direct access solutions for clients that prefer to self-direct their orders to our institutional relationships with our traders’ informed oversight and assistance.

The professionals on Rice Financial’s Equity Trading and Sales Desk average more than 20 years of experience providing agency execution services. They began their careers on the option exchanges in New York and specialize in complex, single-leg or contingent stock executions, offering direct access to clients. Our team adds value in numerous significant ways, including offering the best available algorithms through our longstanding institutional relationships, providing clients superior fills.

The Rice equity team understands the needs of the institutional trading environment. We offer competitive customized commission packages, including soft dollar agreements and riskless principal markup commission arrangements. For our direct access clients, Rice provides all-in pricing per contract and share, or, for more active traders, a commission-plus-cost agreement for both options and stocks.

Rice Financial’s operations team has decades of experience with post-trade allocation, riskless principal trades, average price deliveries through DVP and corresponding clearing between broker-dealers to lower cost.

We also offer clients the best institutional third-party research available on request. The Rice equity team will have a direct conversation with you about your specific needs and produce a detailed research report customized for your immediate use. We can produce general research on specific sectors or on the overall market in stocks or options.

Global Equities

The Rice team has more than 15 years of experience working as a group to execute global equities and options on an agency basis. A combination of hands-off and manual intervention accommodates our clients’ needs, making Rice a full-service execution desk for electronic trading through a stable and cost-effective technology package.

For complex trading that requires manual intervention, our expertise offers methods to generate the optimal solution for each individual’s needs. Our equity team has a proven track record of estimating market condition impact, assessing liquidity and projecting volatility. We manage real-time events in the news, buying and selling securities in real time during, before and after market hours.

U.S. Options

Rice Financial facilitates a wide range of derivative transactions for hedge funds, institutions and asset managers. Our desk has a unique vantage point in the Delta One landscape, enabling us to uncover liquidity for both listed and OTC products.

Corporate Share Repurchase

The experienced traders in Rice’s Equity Division have a mature book of business with large institutions, offering enhanced liquidity through their strong institutional relationships. As a key component of our services, our equity team supports the unique needs of the industry’s corporate share repurchase strategies and fully adheres to the Security and Exchange Commission’s Rule 10B-18 guidelines.

Rice provides comprehensive agency trading services, emphasizing quality executions focused on client objectives in a conflict-free, broker-neutral, environment. We have more than 25 liquidity providers that the general public and broker-dealers of equal size cannot penetrate. These liquidity sources include dark markets, ATSs and sophisticated technology products that afford anonymity with minimal market disruption.

Soft Dollars

Rice Securities  provides institutional clients with an array of comprehensive commission management programs. The firm uses a variety of avenues to provide best execution as well as customer support. To complement our other commission programs, Rice can offer “Softdollars”. Our relationship managers and trading personal with over 20 years of experience, are on call to provide you with the expertise to structure this product to expand and enhance your “Soft Dollar Exemption”  under Section 28E. This would include eligible research and other related material, thus enabling you to make the right investments decisions for the benefit of your fund. Our dedicated employees will be able to  track your commissions, approve and facilitate Softdollar payments, and provide detailed reports.

Securities Exchange Act of 1934 – Section 28(e) Research Services in Exchange For Brokerage. The section provides a safe harbor to investment managers who use the commission dollars of their advised accounts to obtain investment research and brokerage services (“soft dollar” research) by permitting such persons, under certain circumstances, to “pay up” for such services received from broker-dealers.

Electronic Direct-Access Solutions

Rice Financial’s equity traders have access to more than 100 different liquidity sources from 20+ vendors, including the majority of DarkPools, most ATSs and all of the lit exchanges. Our traders have direct access to some of the largest market makers on the street and are also tied into more than a dozen algorithmic suites from some of the biggest trading desks on Wall Street. We can develop customized routing capabilities to fit your individual trading needs. Our routing topography affords our customers enhanced liquidity sources resulting in more efficient orders execution. Our technology meets the standards mandated by FINRA for risk and regulatory requirement. We are diligent and stringent in protecting our clients, monitoring their self-directed orders in equities and options throughout the day.

Contact

Michael Liciardello
Managing Director
(212) 908-9281
michael.liciardello@ricefin.com