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Pershing's Mexican Interdealer Coup

Clearing Quarterly and Directory, March 19, 2008

John Hintze

Pershing recently won a mandate to clear for a Mexican interdealer broker after making efforts over the last few years to strengthen that niche clearing service-a win that provides the added benefit of displaying the clearer's cross-border expertise. The clearer announced in December that Enlace Int. S.A., a Mexican interdealer broker specializing in Mexican government bonds, had appointed Pershing as its principal clearing agent. Pershing said the move establishes it as the first provider of clearing-and- settlement services to the Mexican interdealer brokerage market.

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