Cowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. The company operates in two segments, Operating Company and Asset Company. It offers public and private capital raising, and strategic advisory services; investment products and solutions in the liquidity spectrum to institutional and private clients; and investment research services. The company also trades common stocks, listed options, equity-linked securities, and other financial instruments on behalf of institutional investor clients. In addition, it is involved in the private investment, private real estate investment, and other legacy investment activities. The company was founded in 1918 and is headquartered in New York, New York. As of March 1, 2023, Cowen Inc. operates as a subsidiary of TD Securities Inc.