Difference between revisions of "Apex Clearing Corporation"

From MarketsWiki
Jump to: navigation, search
Line 22: Line 22:
 
== Key People ==
 
== Key People ==
 
*[[William Capuzzi]], CEO
 
*[[William Capuzzi]], CEO
 +
*[[William Brennan]], CFO
 +
*[[Chris Fesler]], CTO
 +
*[[Sarah Dahl-Klement]], Chief People Officer
 +
*[[John Mollica]], Head of Institutional
 +
*[[Ron Fiske]], Head of Retail
 +
*[[Sam McIngvale]], Head of Retail Innovation
  
 
== References ==
 
== References ==

Revision as of 07:13, 18 July 2017

Nasdaq Banner 728x90.jpg
Apex Clearing Corporation
Apex-clearing.png
Founded 2012
Headquarters Chicago
Key People William Capuzzi, CEO
Website apexclearing.com
Releases Company News

Apex Clearing Corporation is an independent clearing joint-venture between Peak6 Investments and Penson Financial Services. The firm plans to acquire Penson's customer accounts and clearing contacts as well as $90 million of its liabilities and net assets to cover regulatory capital requirements. Apex, privately held and functioning as a clearing house, aims to increase stability in the markets by mitigating both firms' risk exposure. [1] Peak6 will provide capital, the management team, day-to-day operational oversight, and risk management discipline necessary to run the business.

History

Peak6 Investments and Penson Worldwide Inc. announced the creation of Apex in June of 2012. The move by Penson, in conjunction with the sale of its futures division to Knight Capital, signifies the firms desire to exit the futures space. [2]

Key People

References

  1. Penson and PEAK6 to Form Apex Clearing. Securities Technology Monitor.
  2. PEAK6 and Penson Announce Formation of Apex Clearing. Press Release.