Jefferies to provide clearing support for BNY Mellon FCM

Source: Jeffries

Jefferies Group, Inc. today announced that Jefferies Bache was selected by BNY Mellon Clearing, LLC to provide clearing services and support for its futures commission merchant offering.

Patrice Blanc, Chairman and Chief Executive Officer of Jefferies Bache, said, "We are excited about this new partnership with BNY Mellon Clearing, LLC as it enables us to leverage our commodity expertise, global reach and innovative IT solutions to provide comprehensive clearing services."

Sanjay Kannambadi, Chief Executive Officer of BNY Mellon Clearing, said, "As we work to meet our clients' needs in a market migrating to a centralized clearing environment, we are pleased to join forces with Jefferies Bache as one of the leading providers in the space."

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