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December 2, 2013

Guide to Correspondent Clearing Firms

By By Editorial Staff

Also in this article

  • Guide to Correspondent Clearing Firms

Goldman Sachs Execution & Clearing, L.P.

30 Hudson Street, Jersey City, NJ 07302, (212) 357-2266

gsec.gs.com

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 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, kyle.czepiel@gs.com


 

National Financial

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

www.nationalfinancial.com

Services: National Financial, a Fidelity Investments company and the second largest provider of clearing and custody services to approximately 300 client firms representing over $440 billion in assets under administration (as of September 30, 2010), offers firms access to a comprehensive clearing platform, inclusive of a dedicated service model, a powerful global trading platform, and a source of leading investment solutions, all designed to help them grow confidently. National Financial's comprehensive offering enables it to serve broker-dealers of various types and sizes that can serve your evolving needs. In addition to being a leading clearing provider in the U.S. for nearly 30 years, National Financial leverages the strength and experience of Fidelity Investments, one of the world's largest providers of financial services. For more information about National Financial, please visit www.nationalfinancial.com.

Number of correspondents: ~300

Parent company: FMR LLC

Contact: (800) 752-7053


 

Apex Clearing Corporation

1700 Pacific Avenue, Suite 1400, Dallas, TX 75201 Phone: (214) 765-1066


 

BMO Nesbitt Burns

1 First Canadian Place, P.O. Box 150, Toronto, Ont., Canada M5X 1H3 Phone: (416) 359-4000


 

BNP Paribas Securities Corp.

787 Seventh Avenue, New York, NY 10019 Phone: 212-471-8114


 

Broadcort, Bank of America Merrill Lynch Global Markets

101 Hudson Street, 10th Floor, Jersey City, NJ, 07302 Contact, Michael Bird, Phone: (646) 855-3507


 

ConvergEx Group

Sellside Services 1633 Broadway New York, NY 10019 Phone: (212) 468-7625


 

Correspondent Network

250 Yonge Street P.O. Box 19, Toronto, Ontario, Canada M5B 2L7 Phone: (416) 869-6695


 

The Depository Trust & Clearing Corporation

55 Water Street, New York, NY 10041 Phone: (212) 855-1000


 

First Clearing Correspondent Services

One North Jefferson Avenue St. Louis, MO 63103 Phone: (888) 322-2532