Description
The New Jersey Turnpike Authority is seeking a qualified broker‑dealer to provide professional services for the execution, confirmation, and reporting of its $3‑4 billion investment portfolio. The selected broker‑dealer will be responsible for trade execution via email, Bloomberg BOOM, or telephone, must provide trade confirmations within three hours, and shall deliver regular portfolio reports. The firm must be registered in New Jersey, meet SEC net‑capital requirements, possess strong credit ratings, and comply with extensive EEO, affirmative‑action, and anti‑collusion certifications. No direct fees are paid by the Authority; compensation is derived from the issuers of the securities under separate broker‑dealer agreements. The contract term is three years, with a tentative award date of 20 Oct 2026.
Attached files
Contact
Erwin Luna(Chief Financial Officer)