Replies to post #6640 on The Next Online Brokerage - Built By You

[Stock]

Who handles clearing services for Zecco?

http://www.zecco.com/aboutus/Partners.aspx?tab=PartnerNetwork

Zecco.com works with leading partners in their industries.

Penson Worldwide, our clearing firm, is the 6th largest clearing firm in the United States. Penson provides trading access to most North American and European markets, including equities, options, financial futures and fixed income products. Penson has access to world markets and cash exchanges through its affiliations with the Depository Trust Clearing Company (DTCC), the Options Clearing Corp. (OCC), Canadian Depository for Securities (CDS), Canadian Derivatives Clearing Corp. (CDCC), CREST, Euroclear Bank, and SWIFT.


Zecco Trading is a division of Equinox Securities, a fully disclosed broker/dealer and member of the NASD and SIPC. Customer securities accounts are protected by the Securities Investor Protection Corporation (SIPC), up to $500,000 (including up to $100,000 for cash claims). A detailed explanation is available upon request or at www.sipc.org. Additional securities protection is provided by Lloyd’s of London with an aggregate limit of $200 million providing that the combined return from Trustee distributions, SIPC and London to any customer does not exceed $35 million including a London cash sub-limit of $900,000. This coverage provides protection against brokerage insolvency and does not protect against loss of market value of securities.