Cowen Inc. (NASDAQ: COWN) revealed Thursday that its global Outsourced Trading team has been recognized by HFM European Services Awards. The firm has named the “Best Outsourced Trading” and earned HFM European Services Awards 2021.
The recognition of the best outsourcing teams dependent on the views of hedge funds GCs, CFOs, CTOs, and COOs. Furthermore, the client has also provided the statements based on which the firm has earned the award. This is the greatest accomplishment for the firm as it has won the Best Outsourced Trading category at the HFM European Services Awards.
Shares of Cowen went down 7.72% during the trading session of Wednesday. The firm has recorded a trading volume of 1.00 million as compared to the average volume of 661.75K. Looking at its market cap, its market cap stayed high, reaching $849.59 million at the time of writing.
The director and Head of Europe Outsourced Trading at COWN commented: “This is an accomplishment as it has been chosen as the ‘Best Outsourced Trading Solution’ at Hedgeweek’s European Awards 2021, demonstrating further external commendation of our market prominent competencies in outsourced trading.”
Recently, the demand for outsourced trading has been increasing. Cowen has also seen a surge in the use of its services in Europe and the UK. The firm has been striving to push the limits internationally and also investing in its team, its asset class exposure, and its technology to assist clients to beat.