Auerbach Grayson & Co is a New York

New York City

New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

-based stockbroker that deals predominantly in the equity

Stock

The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...

 of non-US based companies, catering to institutional

Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...

 investors. The company has a network of partners in 127 countries, allowing it to distribute research produced by local analysts to Market data providers in the US.

Additionally, the company offers direct access to foreign analysts & company management, through investor-conferences and roadshows, and on an individual basis with conference calls and by taking clients on trips to meet with foreign analysts & the management of investee companies

Market Significance & Recent News

In June 2009 the company became the first non-Iraqi firm to sell Iraqi securities and market research on Iraqi companies since the 2003 invasion.

The company is accepted as being the first to offer foreign research in the XBRL

XBRL

XBRL is a freely available, market-driven, open, and global standard for exchanging business information. XBRL allows information modeling and the expression of semantic meaning commonly required in business reporting. XBRL is XML-based...

format (formally debuted in July 2008).