At a Glance
"Not the place it was in the high-flying days of the tech boom"
"Trading operation, with some corporate finance"
"Never heard of it"
About Susquehanna International Group
Services for all
Founded more than 20 years ago, Susquehanna International Group offers investment banking services and provides execution services for Nasdaq and listed stocks, ETFs, ADRs, options and program trading through its institutional brokerage affiliate, Susquehanna Financial Group, LLLP (SFG). The investment banking team is made up of mostly corporate finance and equity capital markets (ECM) professionals. Corporate clients are provided with differentiated banking services, including public equity, mergers and acquisitions advisory services, private placements, PIPEs, registered direct offerings and financial advisory services. SFG also offers equity research to institutional investment managers and prides itself on providing independent analysis. In 2006, SIG created a new private equity platform consisting of multiple strategies.
The firm prides itself on its low turnover rate, lack of pigeonholed job descriptions and absence of “corporate constraints,” but it’s recognized for even more. Best known for its impressive trading capabilities, the Susquehanna International Group of companies (SIG) offers investment banking, research, institutional brokerage and market making services to institutional and corporate clients. The firm is a member of numerous local, national and international stock exchanges, including the New York Stock Exchange, Nasdaq and all of the U.S. option exchanges. SIG is headquartered outside of Philadelphia and, in addition to its domestic presence, has offices in Europe, Asia and Australia. A December 2007 article in the Philadelphia Inquirer focused on the diversity of businesses in the region and noted that SIG is one of the area’s “highly specialized firms.”
Traditional meets modern
What distinguishes the firm’s investment banking services from competitors is the way SFG integrates traditional banking services with SIG’s extensive trading operations in equities, ETFs and derivatives. SIG has extensive algorithmic trading capabilities, and trades over 80 million shares on a daily basis. SIG handles roughly one out of every seven stock options traded in the world. The firm is also a market maker for more than 3,000 Nasdaq stocks. SIG is also one of the biggest U.S. option market makers and a specialist in more index options than any other market maker. The firm is a big player in other securities areas as well, including ADRs, international securities, exchange traded funds (ETFs), OTC equity, currency and fixed-income derivatives.
In the high stakes world of investment banking, everything is a gamble. The founders and senior traders at SIG take this philosophy very seriously, integrating poker playing into the fabric of the firm’s social culture. In addition to its famous internal poker tournaments, SIG has also used poker as a way to recruit employees in the past. The firm has held “Texas Hold â€˜Em” events in New York, San Francisco and Los Angeles. The events were open to clients and employees. One of SIG’s most famous employees is Bill Chen, a World Series of Poker star, who works in its quantitative trading department.
401 City Avenue
Bala Cynwyd, PA 19004
Phone: (610) 617-2600
Employer Type: Private
Managing Director: Jeffrey Yass
2010 Employees (All Locations): 1,500