The Professional's Advantage
The Professional's Advantage
SageTrader, LLC, a fully disclosed introducing Broker Dealer, has securities custody and clearing services provided through Merrill Lynch Professional Clearing Corp. and Wedbush Securities, Inc. All futures are cleared at ED&F Man Capital Markets Inc.
The primary duty of a clearing firm is to handle back office tasks such as trade execution, processing, confirmation, settlement and regulatory compliance. Clearing firms are members of an exchange's clearing house and thus are authorized to clear trades for its broker customers.