Bear Stearns to Offer LiquidPoint Platform to Prime Broker Clients.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 -- Bear, Stearns Securities Corp. announced that it has entered into a strategic alliance with LiquidPoint, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to provide a cutting-edge electronic trading platform for listed options to Bear Stearns' Global Prime Brokerage Prime Brokerage A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. clients. With market volatility and fragmentation, LiquidPoint's sophisticated trading system and technology enhancements are designed to provide greater opportunities for potential price improvement and liquidity enhancement for Bear Stearns' clients and assists options traders in their efforts to obtain the best execution possible. Commenting on the relationship, Ron Suber, Bear Stearns senior managing director and manager of Global Clearing Sales, said, "As one of the leading prime brokers on Wall Street, we are committed to providing our clients with the most effective combination of technology and service. The LiquidPoint platform offers yet another dimension of functionality to our suite of trading options." Bear Stearns senior managing director Bennett Egeth added, "The level of sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. our clients require in proprietary products and strategic solutions has us constantly looking to develop alliances with strong solution providers. We are pleased to expand our product offering to include LiquidPoint." Anthony Saliba, President of LiquidPoint, added, "In this highly competitive marketplace, we understand that professional traders require a seamless level of integration. LiquidPoint's customized trading platform offers Bear Stearns' clients an ease of accessibility to the information needed to succeed." LiquidPoint, LLC is a registered broker-dealer that operates as a solution provider for all levels of the equity options trading industry, offering a solutions bridge between traditional open-outcry and electronic options exchanges. LiquidPoint provides comprehensive electronic and floor-based execution services on all of the U.S. options exchanges, enhanced by a complete suite of modular, cutting edge applications which, when deployed separately, or in concert with each other, or integrated with the customer's technology, provides a solution for today's option trading requirements. 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 ) provides financing, securities lending, clearing and technology solutions for approximately 2,800 clients, including hedge funds, money managers, registered investment advisors, short sellers, arbitrageurs and other professional investors trading at multiple trading firms. BSSC processes over 300,000 transactions daily and clears securities in more than 70 countries worldwide. BSSC also provides clearing, operational and administrative services for registered broker dealers, members of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and/or the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). who engage in the retail or institutional brokerage business. Founded in 1923, The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange : BSC (Binary Synchronous Communications) See bisync. ) is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $49.4 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's 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., it offers financing, securities lending, clearing and technology solutions to hedge funds, broker-dealers and investment advisors. BSSC and Bear, Stearns & Co. Inc. are registered broker-dealers and members of NYSE, 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 www.bearstearns.com. Disclaimer: Liquidpoint, LLC is not an affiliate of Bear, Stearns Securities Corp. |
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