Wedbush Futures Surpasses $1 Billion in Customer Segregated Funds
- This accomplishment makes Wedbush Securities the Seventh Largest Non-Bank FCM.
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term 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."
Segregated Accounts
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.
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term 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."
Segregated Accounts
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.