Jefferies Bache, a division of Jefferies Group providing global execution and clearing services, was selected by BNY Mellon Clearing to provide clearing services and support for its futures commission merchant offering.
“We are excited about this new partnership with BNY Mellon Clearing, LLC as it enables us to leverage our commodity expertise, global reach and innovative IT solutions to provide comprehensive clearing services, says Patrice Blanc, chairman and CEO of Jefferies Bache.
BNY Mellon Clearing clears futures and derivatives trades on behalf of its institutional clients.
As we work to meet our clients needs in a market migrating to a centralized clearing environment, we are pleased to join forces with Jefferies Bache as one of the leading providers in the space, says Sanjay Kannambadi, CEO of BNY Mellon Clearing.
(CG)