Broker-dealer Bear, Stearns & Co., and Bear, Stearns Securities Corp., a clearing entity, agreed yesterday to pay $250 million and take several remedial actions to settle Securities and Exchange ...
Mumbai: MCX-SX Clearing Corporation Ltd (MCX-SX CCL) plans to transfer the 23% stake held by Financial Technologies India Ltd (FTIL) in the clearing entity to an escrow account since the latter has ...
KARACHI: Small stockbrokers will soon shift their clearing, settlement and custody functions to EClear Services Ltd, which is the country’s first professional clearing member (PCM) entity set up by ...