May 25, 2011- The first annual Philly Financial Day has been announced for Friday, July 8th, 2011. Several of the leading financial service institutions in the Philadelphia area will donate a significant fixed percentage of their institutional trading commissions and transactional revenues to a pool of charitable foundations founded by Phillies’ stars Cole Hamels, Shane Victorino, Jimmy Rollins and Chase Utley. In addition, The Children’s Hospital of Philadelphia (CHOP) will be a beneficiary of funds raised that day and will be represented by Cliff Lee.
Janney Montgomery Scott LLC and Boenning & Scattergood, Inc. have graciously volunteered to be the core transaction execution venues on July 8th. “We are very fortunate and grateful that these institutions have agreed to donate a significant part of that day’s revenue to our very worthy causes,” said Shane Victorino, founder of The Shane Victorino Foundation.
In the month leading up to the event, members of the various foundations will meet with a number of leading mutual funds, hedge funds and money management firms. They will ask them to direct as much of their institutional equity/fixed income/derivative commissions and transactions to these execution venues on July 8th, thus contributing as much as they can to the total amount that will be given to the charities.
To help raise visibility, NASDAQ OMX PHLX (formerly the Philadelphia Stock Exchange) will host the Phillies players during their visit to New York at the NASDAQ MarketSite in Times Square on Friday, May 27th, 2011. The players will conduct media interviews at the street-level television studio for fans in Times Square to view. PHLX will also host part of the 1st annual Philly Financial Day on Friday, July 8th from their trading floor in Philadelphia, which represents the oldest and largest equity options exchange in the United States.
For more information, go to www.phillyfinancialday.com