BNY Mellon Clearing has selected Jefferies Group’s Jefferies Bache to offer clearing services and assistance for its futures commission merchant offering. With the market shifting to a centralized clearing environment, the move is aimed at meeting client needs. BNY Mellon Clearing is a subsidiary of Bank of New York Mellon Corp.
Jefferies will employ its commodity expertise, global reach and innovative IT solutions to provide clearing services. Global investment banking firm Jefferies Group offers a full suite of investment banking, sales, trading, research and strategy services.
Click here for the release from Business Wire.