These enhanced capabilities are being offered to Pershing's introducing broker-dealer and independent registered investment advisor (RIA) customers through Tradeweb Retail, the retail trading platform of Tradeweb, a leading online multi-asset class marketplace.

The enhanced platform provides Pershing's customers with access to a comprehensive inventory of structured products and allows introducing broker-dealers and RIAs to enter and manage orders and obtain detailed information on offerings. Structured products available on the platform include:

• Reverse Convertibles
• Equity Linked Notes and CDs
• Commodity Linked Notes and CDs
• Currency Linked Notes and CDs
• Rates Linked Notes

Pershing's BondCentral platform provides its customers with anonymous, online access to a live and executable inventory of over 25,000 bonds from over 90 fixed income dealers. The platform also enables Pershing's customers to research available offerings, build customized, laddered portfolios and create inventory offering sheets.

Pershing's introducing broker-dealer customers can access BondCentral through its NetExchange Pro online brokerage platform. BondCentral is also accessible to RIAs via Pershing's affiliate, Pershing Advisor Solutions LLC and its NetExchange Advisor(TM) online brokerage platform.

Ted Bragg, managing director of fixed income trading in the trading services group at Pershing, said, "As a leading provider of trading services for the debt markets, we continuously explore opportunities to provide our customers with best-of-breed fixed income capabilities. Our expanded relationship with Tradeweb allows us to make a broader array of asset classes available to introducing broker-dealer firms and RIAs, further helping them to grow their businesses."

Lee Olesky, CEO of Tradeweb, said, "We are delighted that Pershing has recognized the superior breadth and depth of our retail electronic marketplace. Tradeweb Retail's broad-based capabilities will significantly enhance the BondCentral platform while further reinforcing the long-term strategic nature of our business relationship with Pershing and The Bank of New York Mellon."