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AXIOM Lends a Helping Hand

Submitted by: National Traders Charity Foundation

Categories: Philanthropy & Corporate Contributions

Posted: Oct 20, 2003 – 12:00 AM EST

 

AXIOM Global Trading Offers A Helping Hand By Providing New York City Office Space For National Non-profit Organization

Oct. 20 /CSRwire/ - NEW YORK - AXIOM Global Trading announces today that they have secured office space for a national non-profit charitable organization at the prestigious 140 Broadway building in the heart of the financial district in downtown New York City.

The location will be home to the National Traders Charity Foundation, a recently established non-profit organization that utilizes a unique donor program to convert transaction revenue generated from the day-to-day trading activity of established buy-side institutions into donations made available by participating executing brokers.

"We are very excited about the level of commitment that AXIOM is making towards The National Traders Charity Foundation," says Jean Ashton, Secretary and Director of Business Relations.

Ms. Ashton continues, "Charitable giving from the corporate sector has dropped off dramatically as a result of an uncertain economy and other factors that have plagued the markets. The NTCF is going to help change corporate participation by enabling the buy-side institutional community to direct and convert some of their normal day-to-day trading expenses into charitable donations."

The National Traders Charity Foundation will officially move in to the space located at 140 Broadway in New York City on November 1, 2003. AXIOM Global Trading has also committed to subsidize telephone service for the non-profit. Several other companies have also committed to supply services and or goods.

“We look forward to working with The National Traders Charity Foundation to bring new sources of donations to non-profit organizations around the country that desperately need the help.” comments Scott F. Carotenuto, President and CEO of AXIOM Global Trading. Carotenuto goes on to say; “So many non-profit organizations are suffering through waning participation from corporate donors, and now the NTCF has channeled a new source of help by creating a way for investors such as the socially responsible investor, to create and direct donations through the funds they manage or invest in, and they can do this without any increase in operating or trading expenses to their funds.”

About The National Traders Charity Foundation

The National Traders Charity Foundation of New York is publicly funded through donations made by members of the financial services industry for the purpose of making grants to nonprofit organizations nationally and at the community level. The broker-dealers and other service providers donate a portion of their earnings from commissions, fees, and other revenue to the foundation for the benefit of various charitable causes around the United States. Visitors to the foundation site will find a brief mission overview, funding information, news, and contact information. www.tradingforcharity.com.

About AXIOM Global Trading
AXIOM Global Trading is a New York based financial services technology integration company offering buy-side institutions an array of fully integrated direct-access trading systems, OMS solutions, API’s, and other third-party and proprietary technologies. AXIOM offers additional value-added institutional services through brokerage divisions, providing clients with a complete end-to-end solution for technology, clearing, and execution. www.axiomtrading.com.

For more information, please contact:

Mr. Scott F. Carotenuto AXIOM Global Trading
Phone: +1-212-727-2333, opt
Ms. Jean Ashton The National Traders Charity
Phone: +1-800-803-6691

 

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