Wall Street continues to pull together to help out the victims of last week’s attack on the World Trade Center.
SoundView Technology Group Inc. announced that all institutional trading revenues and commissions generated tomorrow, September 20, will be donated to relief funds set up to benefit the families of those lost in the World Trade Center.
SoundView will direct the donation to several funds including: the Keefe Bruyette & Woods Family Fund; the Cantor Fitzgerald Relief Fund; the New York Fire Fighters 9-11 Disaster Relief Fund; and the WTC Police Disaster Relief Fund.
“Everyone at SoundView has a strong desire to contribute in a meaningful way to the relief efforts taking place around us,” said Mark Loehr, CEO of SoundView. “Tomorrow, the entire firm will be focused on working together to help the families of the victims of the September 11th tragedy.”
Also, Wall Street Source, a web-based provider of financial news and information, is helping firms whose business is jeopardized by “data blackouts.” Since Monday, Wall Street Source has been offering its service to them free of charge until lower Manhattan’s damaged infrastructure is back on line.
As a result of detailed contingency planning, Wall Street Source was able to move to temporary headquarters after last week’s attack and resume its operations almost immediately. “We found ourselves in a unique position to assist our colleagues in the financial industry,” said company chairman and chief executive John Albert. “The only course of action that seemed appropriate was to offer our service to anyone who needs it.”
This is a time for Americans to pull together, to share resources, and to help one another in any way they can,” Albert added. “There are no words I or the team at Wall Street Source can say of the tragedy that has struck our nation. We can only try to contribute in some way to ease the difficulties of our colleagues in the financial community.”