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SOURCE: Wedbush Securities
• Broker-Dealers, Financial Advisors, Hedge Funds, and More Remain Committed to the Stability, Consistency of Wedbush Services throughout Turbulent Industry-wide Consolidation • Wedbush Securities Ranked #6 Largest Clearing Firm for Broker-Dealers in Recent Survey • Continually Ranked Top Liquidity Provider to NASDAQ since 2006
Los Angeles, CA (PRWEB) July 31, 2012
Wedbush Securities, one of the nation’s leading financial services and clearing solution providers, enters the quarter with continued momentum surrounding its Advanced Clearing Group, a specialized provider of custom execution, clearing and custody solutions to full-service, independent, institutional, and proprietary trading broker-dealers, financial advisors, underwriting firms, hedge funds, professional/automated traders and market makers.
Serving approximately 160 clients, Wedbush is ranked the sixth largest clearing firm according to a recent survey compiled by InvestmentNews. Through these turbulent times, Wedbush’s Advanced Clearing Group has remained profitable and has grown significantly due to its strong operational controls, disciplined financial management, advanced technology, and risk management solutions.
“Since 2008, the clearing industry has experienced significant transition and consolidation. It’s unsettling for correspondents, and now more than ever they are interested in finding new clearing partners,” said Jeff Bell, Executive Vice President, Head of the Clearing Group at Wedbush Securities. “Wedbush is an attractive choice. Our stability, consistency, broad capabilities and client-focus provide a value that is unparalleled.”
Furthermore, the Group partners with an affiliated firm,Lime Brokerage LLC, to provide ultra-low latency trading technologies and innovative risk management solutions such as LimeDirect™, a pre-trade risk system that performs risk checks in under 250 nanoseconds.
With competitive rates, flexible deposits, no long-term contracts and responsive support, Wedbush remains committed to providing the best clearing services designed to fit each clients’ specific needs.
About Wedbush Securities
Founded in 1955, Wedbush Securities is a leading investment firm that provides brokerage, clearing, investment banking, equity research, public finance, fixed income sales and trading, and asset management to individual, institutional and issuing clients. Headquartered in Los Angeles, with over 100 offices, the firm focuses on relentless service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company WEDBUSH, Inc., which also includes affiliated firms Wedbush Bank, Wedbush Capital Partners, Wedbush Opportunity Partners, and Lime Brokerage LLC. Follow us on Twitter @Wedbush.
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