Tag: securities clearing

September 01, 2016 BY LeapRate Staff

LCH.Clearnet gets Hong Kong regulatory approval to provide automated trading services

International clearing house LCH.Clearnet, majority owned by London Stock Exchange Group Plc (LON:LSE), has announced that it has been authorised by the Hong Kong Securities and Futures Commission (SFC) to provide automated trading services in Hong Kong via its SwapClear and ForexClear services. LCH has also been approved as a designated central counterparty in respect of…

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June 27, 2016 BY LeapRate Staff

INTL FCStone acquires Clearing and Wealth Management businesses from Stifel Financial's Sterne Agee LLC

Commodities and Forex broker INTL FCStone Inc (NASDAQ:INTL) has announced that it has signed a definitive agreement with Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp (NYSE:SF), to acquire Sterne Agee's correspondent securities clearing business and the independent wealth management business. The transaction will involve the purchase of three broker dealer entities and two…

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December 31, 2015 BY Maria Nikolova

Phillip Capital Inc. becomes FINRA member, adds securities clearing to services

Phillip Capital Inc., a Chicago-based firm, which is part of the Singapore-based PhillipCapital Group, on Wednesday announced that it has become a Financial Industry Regulatory Authority (FINRA) member. As a result, Phillip Capital has expanded its financial services offering beyond futures and Forex to include self-clearing corporate equity and debt securities. The company will settle…

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