Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, has established a business relationship with Nordnet Bank AB (Nordnet). Pershing will provide Nordnet with its comprehensive array of clearing and trading services for Australian, Canadian, U.K. and U.S. dollar equities.
Nordnet is online broker headquartered in Stockholm and Sweden.
Pershing’s agreement with Nordnet represents its first clearing relationship in Scandinavia and builds upon nearly a century of business growth in the Nordic region for The Bank of New York Mellon. The agreement also extends Pershing’s reach and reflects its long-term commitment to continue working closely with many institutional and retail financial organizations to help them grow their businesses.
“We selected Pershing because of its global reach and robust clearing and execution services in more than 65 markets worldwide,” says Martin Andersson, head of trading, Nordnet. “Pershing’s experience and breadth of services and solutions will provide us with the support we need to achieve continued success.”
“Nordnet is one of the largest and most highly regarded financial institutions in Sweden,” says Frank La Salla, managing director, global securities services group, Pershing. “We are pleased to have the opportunity to work closely with Nordnet and are confident that our consultative approach, trading solutions and expertise will help them better serve their clients and grow their business.”
L.D.