Bear Stearns Named Best Clearing Firm by Waters Magazine; Poll Of 700 Readers Cites Bear Stearns's Technological Capabilities and Human Expertise.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Citing "combined leadership of technological capabilities and human expertise" Waters magazine named Bear Stearns the "Best Clearing" firm in their 2005 annual reader survey. Seven hundred readers from around the world were polled for the 2005 Waters Rankings issue. Voters included professionals from buy and sell side institutions, and were geographically split among the United States (55%), Europe (30%), Asia-Pacific (10%) and other countries (5%). Waters magazine covers technology in the securities industry. "The award recognizes our success in delivering the highest standards of client service and technology to our hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , broker dealer and investment advisor clients," commented Richard Lindsey, president of Bear, Stearns Securities Corporation. "We deliver a distinctive suite of integrated securities services that meet the demanding requirements of our diverse client franchise. Our ability to exceed clients' expectations for service quality across a broad spectrum of trading products is a testimony to the commitment and expertise of the dedicated staff of Bear Stearns." About Waters Each month, Waters reports and analyzes the practical implementation of financial technology in the wholesale banking and securities industry. Since its launch in 1993, financial IT professionals worldwide have relied on the magazine for its focused, in-depth coverage of financial market data and technology as well as the human issues of talent management, staff retention and compensation within the financial services community. With more than 10,000 subscribers, Waters readers enjoy the insights of CIOs and CTOs from the global capital markets. Waters is published by Incisive Media Plc. For more information, please visit our web site at www.watersonline.com and www.incisivemedia.com. About Bear Stearns Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and U.S. registered brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). With approximately $49.4 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp. ("BSSC BSSC Building Seismic Safety Council BSSC Battle Staff Support Center BSSC Blessed Spiritshot C Grade (Lineage 2 game) BSSC Block Signature Self-Checking BSSC Binary Skew Symmetric Channel BSSC Bpx Switch and Service Configuration "), Bear Stearns offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. BSSC is a member of the NYSE, NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has approximately 11,000 employees worldwide. For additional information about Bear Stearns, please visit the firm's website at http://www.bearstearns.com. |
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