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How important is the clearing
firm?
About Advanced Futures'
Philosophy of Choosing a Clearing Firm:
A clearing firm
needs to be a one-stop clearing service for global exchange-traded
derivatives. Their sophisticated systems help manage trading
activity more efficiently, with built-in checks and balances
which provide peace of mind. An advantage is when the
firm is founded by professional traders for professional
traders, so that their culture is customer-focused and
their understanding of the nuances of the business
reflects their business experience.
Our clearing selections provide clients a choice of benefits
from the high levels of stability, security, confidentiality,
and accuracy of multiple clearing firms.
- Customer
funds are entirely segregated from house funds, insulating
clients from proprietary trading activities and ensuring
the utmost safety of segregated customer assets.
- Clients
benefit from a collaborative and flexible approach to
pre-setting account parameters. Advanced risk controls
assists clients in managing their trading activity effectively.
- Strict
compliance standards are constantly monitored and
enforced internally by a highly experienced group of
veteran Futures Industry professionals.
- Multi-currency
expertise means that trading customers are assured of
the availability of accurate exchange rates for
foreign currencies. All foreign currency trades are
marked to market according to the London Clearinghouse
settlement rate set at the 4 p.m. GMT closing time.
- Our clearing
consistently receives high marks from third-party financial
ratings services.
- Three yearly
external audits by a public auditor, the Chicago Board
of Trade and the National Association of Securities
Dealers (NASD) provide objective scrutiny and an important
extra measure of top-notch accounting performance of
our clearing firms.
Detailed Reporting Systems
Trading customers receive comprehensive daily and monthly
account statements via email each day or month end between
11:00pm and 1:00am central standard time. Reports are
designed to deliver detailed confirmations of daily
transaction activity and user-friendly monthly account
summaries.
If you still need further
explanation or have another question, please feel free to
contact us by phone at 1-800-429-0418 or send an email to info@advancedfutures.com. |
