clearing broker การใช้

• Even on Wall Street, few understand how crucial clearing brokers are to the machinery of the stock market.
• The Baron case has turned a spotlight on the role of clearing brokers in the complex machinery of Wall Street.
• If those trades become too risky, the clearing broker can demand a bigger deposit or force the firm to take its business elsewhere.
• A clearing broker processes the paperwork and guarantees the trades entered into by customers of its client firms, which are called introducing brokers.
• Clearing brokers process and guarantee the trades of small firms, maintain their customers'accounts and in some cases lend the firms money.
• Executives for Bear Stearns insisted, successfully, that their risks as the fund's clearing broker should exempt them from further contributions.
• They said Phoenix-based Paradise Valley Securities and Baltimore-based clearing broker BT Alex Brown suffered $ 2.3 million in losses through Ballow.
• Indeed, the largest securities firms clear for themselves and their customers are not even aware of how crucial clearing brokers are to the machinery of the market.
• For a clearing broker with the law on its side, though, there might still be profits to be made whether the customer looks dicey or not.
• In several pending arbitration cases, the customers contend that Bear's relationship with Baron went beyond the usual ties between a clearing broker and its client.
• For providing that service, the clearing broker collects modest fees and holds collateral to help protect it against losses caused by an introducing broker's default.
• Alerted by customer complaints, Spitzer and the firm's clearing broker were able to reverse the transfer, and the money was returned to the customer accounts.
• If that increased risk prompts clearing brokers to became more discriminating _ and more expensive _ smaller brokerage firms like Baron would find it more difficult to set up shop.
• Through it, users can access more than 150 execution brokers to route Equities, Futures or Options orders globally, as well as over 20 prime and clearing brokers.
• The fallout from such cases and the Baron investigations, many lawyers agree, could clarify the duties of clearing brokers like Bear and increase the riskiness of their basic housekeeping business.
• A clearing broker, sometimes called " a broker's broker, " guarantees the trades entered into by its client firms, who are called " introducing brokers ."
• Courts have held that clearing brokers in most instances have no fiduciary duty to the customers of their client firms because the clearing broker lacks the power to control the actions of the introducing brokers.
• Courts have held that clearing brokers in most instances have no fiduciary duty to the customers of their client firms because the clearing broker lacks the power to control the actions of the introducing brokers.
• In their arbitration actions, they charge that Bear went beyond the narrow duties of a clearing broker and in fact acted as a life support for Baron while the smaller firm plundered their accounts.
• One issue the commission is examining, Levitt wrote, is " ways in which clearing brokers can be more responsive to red flags they receive about misconduct " at their client firms.