Business & Finance
Business and Finance
Business and Finance 
Tue, July 27, 2010
BNY Mellon Clearing, LLC Selects MF Global to Partner on Clearing Initiatives
NEW YORK--([ BUSINESS WIRE ])--MF Global Holdings Ltd. (NYSE: MF), a leading brokerage firm offering customized solutions in global cash and derivatives markets, today announced the company was selected by BNY Mellon Clearing, LLC to provide clearing services and infrastructure support for its new futures commission merchant offering.
"We will leverage our core competencies to support BNY Mellon Clearing in providing its clients a leading clearing service along with access to major exchanges and clearinghouses around the world."
Steve Grady, executive vice president and global head of Client Solutions of MF Global, said, aWe will leverage our core competencies to support BNY Mellon Clearing in providing its clients a leading clearing service along with access to major exchanges and clearinghouses around the world.a
Sanjay Kannambadi, chief executive officer of BNY Mellon Clearing, said, aWith the rapid changes occurring in the marketplace, we wanted a firm that had a global reputation and track record in supporting futures and derivatives clearing activities. By leveraging MF Globala™s expertise, we are providing our clients with a compelling value proposition in the derivatives markets.a
About MF Global
MF Global Holdings Ltd. (NYSE: MF) is one of the world's leading cash and derivatives brokerage firms, providing seamless execution, clearing, and settlement services in exchange-traded and over-the-counter markets. A leader by volume on multiple exchanges, the firm delivers insight and access across a broad range of products. MF Global helps its diverse client base meet their unique trading and hedging needs through customized solutions, market expertise, and value-added research. For more information, please visit [ www.mfglobal.com ].
About BNY Mellon Clearing, LLC
About BNY Mellon Clearing, LLCis a U.S. registered futures commission merchant and a member of the National Futures Association. The company clears futures and derivatives trades on behalf of its institutional clients. It is a wholly-owned, non-bank subsidiary of The Bank of New York Mellon Corporation, the global leader in asset management and securities servicing.