Jefferies is a prominent global investment banking firm founded in 1962 in Los Angeles, California. The company initially gained recognition for pioneering the "third market," which allowed institutional investors to trade listed securities directly. Over the years, Jefferies has expanded its operations and moved its headquarters to New York, becoming the seventh-largest brokerage firm in the U.S. by 1966 and going public in 1983. Jefferies offers a comprehensive range of financial services, including investment banking, equities trading and research, fixed income sales and trading, and electronic trading solutions. The firm serves a diverse client base, including institutional investors, corporations, and governments, focusing on providing tailored financial solutions. As part of Jefferies Financial Group Inc., the firm emphasizes an entrepreneurial culture and a client-centric approach, solidifying its position in the global financial services industry.