The collaboration streamlines the process for brokers and wealth managers to identify eligible holdings and return class action settlement funds to investors
The journey towards a more efficient settlement model coincides with a trend toward increased automation with higher volume in the bond markets, the firm says
This move marks a significant step for Wedbush Securities as it seeks to grow its business, support new asset classes, and deliver improved client and advisor experiences
The move aims to allow institutional users the additional choice to hold USYC and cUSDO off-exchange, access to the Binance platform, and receive yield on their pledged collateral
The partnership will allow mutual clients to access the Depository Trust & Clearing Corporation's National Securities Clearing Corporation SFT clearing service
Through the collaboration, LCH will extend its product scope to include the clearing and settlement of CNH FX options, forwards, swaps and spot transactions
