GlobalClear is a multifunctional custody and trading solution that allows institutions to outsource their back-office systems and operations to Pershing, while also using its global settlement network and clearing memberships with the major European exchanges and multi-lateral trading facilities.
The solution provides a single point of access for clearing, custody of equities and settling, convertible bonds, depository receipts and other fixed income instruments traded on exchange or over the counter.
With the help of the solution, Pershing’s institutional clients throughout Europe will have access to the increasing number of liquidity venues that have emerged over recent years.
Execution Noble COO Damien Devine said that adding GlobalClear to the Pershing services the company already utilises will enable it to enhance its services to clients and benefit the market as an additional liquidity provider.
