Hudson Hldg Corp

(OTC: HDHL)

Industry: Nonequity Investment Instruments
On the web: http://www.hudsonsecurities.com
Employees: 123

Hudson Holding Corporation was formed in 1987, is incorporated in the State of Delaware, and is a holding company. The Company is engaged in the securities brokerage business through its wholly owned subsidiaries, namely Hudson Securities, Inc. (Hudson) and Hudson Technologies, Inc. (Technologies). Hudson is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority. It is a leading independent market maker firm dedicated to meeting the liquidity needs of clients: institutions, hedge funds, asset managers, and broker dealers, by providing execution solutions and making markets in over 15,000 U.S. and foreign securities and ADRs. Hudson has been in business since 1984. Hudson's customers are firms that require liquidity to complete stock trades, funds whose investment decisions call for shifts into or out of certain stocks, retail customers, professional traders who want to establish or liquidate their positions, and other retail brokerage firms whose individual investor clients wish to buy or sell securities. Technologies was formed for the purpose of providing software development and technology services for Hudson and for third parties. It creates and develops software to enhance the trading environment of Hudson and to meet Hudson's customers' needs for customized services. To date, Technologies has created applications that advance the base functionality of BRASS, a Sungard Order Management System. The profit and loss system developed by Technologies is a tool for equities sales traders of Hudson which on a nightly basis calculates what they have earned based on their customer order flow. The system also creates a management report, as well as several other customer reports to enhance the value of Hudson to its clients. Technologies, through its value added vendor relationships, has created several modules using the BRASS OAPI, which would be able to provide added functionality for the traders of Hudson. Technologies also operates a carrier neutral co-location data center where customers could rent cabinets, paying Technologies a monthly fee. Technologies also provides co-location customers with remote hands support. In the fourth quarter which ended March 31, 2009, the Company announced the formation of a new investment banking and research unit. The Company competes directly with national and regional full service broker-dealers and, to a lesser extent, with discount brokers, investment advisors and certain commercial banks. It also competes with others in the financial services industry in recruiting registered representatives and new employees as well as retaining current personnel. The securities industry in the United States is subject to regulation under both federal and state laws.