March 1, 2014
Guide to Correspondent Clearing Firms
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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