BNY Clearing Services LLC, a subsidiary of The Bank of New York, announced today that its fully disclosed correspondent clearing services were selected by IBIS Securities LLC.
IBIS Securities LLC
is a general securities broker/dealer that specializes in the California municipal bond market and sells to retail and institutional accounts. Based in Walnut Creek, California, the firm was founded in 1995 and has served as a municipal bond underwriter and financial advisor to municipal agencies in California and other western states.
The firm also sells corporate and agency bonds as well as collateralized mortgage obligations (CMOs) on a wholesale and retail basis.