Client assets held at major financial institutions; client service provided by Cowen Prime Services

Cowen Prime Services is an introducing broker to, and has correspondent clearing agreements with, the financial institutions listed below, providing our clients the opportunity to custody the funds they manage at one or more of these world renowned firms. With client accounts held on the books of these institutions, the respective banks are the counterparty. Cowen Prime Services, as the introducing broker, provides all of the other prime brokerage services and serves as the single point of contact for the client.

US Equities, Options and Bonds; International Equities and Bonds

•   Pershing LLC, a subsidiary of Bank of New York Mellon
•   Merrill Lynch, Pierce, Fenner & Smith Incorporated (Broadcort)
•   Industrial and Commercial Bank of China Financial Services, LLC

US Equities and Options

•   Merrill Lynch Professional Clearing Corp.

Futures

•   ADM Investor Services, Inc.
•   SG Americas Securities, LLC