Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

Traders Poll

Amid changes in builder, do you think the CAT project will be completed by 2020?

Free Site Registration

September 1, 2012

Guide to Correspondent Clearing Firms

By Gregory Bresiger

Services: Goldman Sachs Execution & Clearing, L.P. offers a fully integrated Execution, Clearing and Prime Brokerage product suite that provides tools and services to reduce the burden of clearing trades. Our client base includes all types of Institutional Broker Dealers, Institutions, and Hedge Funds, with a special focus on statistical arbitrage, quantitative, and high frequency strategies. Our global platform reaches over 35 countries across multiple asset classes. As a result, clients can focus on maximizing their trading strategy, building business and attracting new sources of capital. Whether a client executes and clears with us, or simply clears, they gain access to our global clearing capabilities, risk management services, stock loan capabilities, and sophisticated, robust clearing technology. In addition, clients can take advantage of the direct link between our execution and prime brokerage platforms. The result is seamless integration that delivers optimal results - without affecting daily workflow. Some of the products and services include: Custody Reporting, Portfolio Accounting/Tax Reporting, Performance Reporting, Alternative Financing Options (where available), Securities Lending, Risk Analysis, and Capital Introduction and Consulting Services. Goldman Sachs provides clients with the necessary execution tools and services to manage the investment process from start to finish, from pre-trade analysis to post-trade consulting. Clients access our global offering via REDIPlus and FIX, available for trading global equities, options, futures, foreign exchange and swaps. Customers can seek liquidity using our suite of multi-asset algorithms, route to optimal destinations using SIGMA router and take advantage of one of the largest U.S. crossing network, SIGMA X.

Number of correspondents: 200+

Correspondents: Institutional

Parent company: Goldman Sachs

Contact: Kyle Czepiel, Managing Director, (212)357-2802,


LPL Financial Custom Clearing Services

9785 Towne Centre Drive, San Diego, CA 92121 Phone: 800-877-7210 Website:

Services: LPL Financial has achieved its status as the largest independent broker/dealer in the country* through an undeviating commitment to a conflict-free and customer-focused business model. Throughout the years, LPL Financial has made substantial investments in building out its capabilities to offer industry leading technology, training, service, and unbiased research to financial advisors, financial institutions, and institutional clearing clients.

Throughout the process of building a world-class independent broker/dealer, LPL Financial has gained invaluable expertise in the clearing, technology, compliance, and customer service functions. Armed with these valuable systems and best practices, LPL Financial created Custom Clearing Services.

For leading financial services companies looking to increase financial advisor productivity, lower development and operating costs, and mitigate compliance risk, Custom Clearing Services is the solution. Custom Clearing Services delivers a superior outsourcing proposition that enables customers to take their broker/dealer business to the next level.

*As reported by Financial Planning magazine, June 1996-2009, based on total revenue.

Parent Company: LPL Financial

Contact: Marc Ravenscroft, Vice President, (800)877-7210, ext.7329.,


National Financial

200 Seaport Blvd., Z2P, Boston, MA, 02210 Phone: 1-800-752-7053