Wedbush Futures today announced that it has surpassed $1 billion in customer segregated funds, making Wedbush Securities Inc. the seventh largest non-bank FCM (Futures Commission Merchant) and the twenty-sixth largest overall FCM based on customer segregated funds.
Wedbush Futures provides futures execution and clearing services to the world’s major futures exchanges, supporting a variety of clients, including non-clearing FCMs, introducing brokers, professional traders and institutions.
Joseph Signorelli, Head of Wedbush Futures, commented: “Wedbush’s reaching the $1 billion plateau in client assets is a testament to the hard work and professionalism of the entire Futures Team. Our colleagues have done an outstanding job providing the premier services our clients demand. As we reach new milestones, we look forward to further strengthening our relationship with clients and exchanges.”
How to Generate Leads Outside of the Box?Go to article >>
Wedbush maintains customer funds in segregated accounts in accordance with the futures industry regulations in order to safeguard customer funds.
In addition, Wedbush Futures places a portion of its own funds on deposit with the client funds in order to maintain a targeted level of residual interest in its segregated accounts.
Wedbush invests these funds in highly liquid, short-term maturity assets in accordance with industry regulations. The main investment vehicles utilised by Wedbush Futures include short-term US Treasuries, Money Market Funds and cash deposits at clearinghouses and bank counterparties.