Jefferies Group LLC is sponsoring the Jefferies "Doing Good" Global Trading Day on Feb. 26.
The investment bank and its subsidiaries, which include alternative manager Leucadia Asset Management, will donate to charity 100% of net global trading commissions for all trading in equity, fixed income and foreign exchange by its clients.
The donations will be distributed to accredited charities devoted to advancing diversity and inclusion, improving sustainability and the environment, and supporting COVID-19 relief efforts, the firm said in a news release.
"As we approach the one-year anniversary of the impact of coronavirus on mankind, we at Jefferies are grateful to be so fortunate, and we are excited to be able to contribute to so many important causes that are dear to our and our client's hearts," CEO Richard B. Handler and President Brian P. Friedman said in a joint statement in the news release.
The firm will also make direct donations totaling $1 million and will give its 3,922 worldwide employees the opportunity to make personal donations as well.
A Jefferies spokesman would not provide further information.