Electronic Transaction Clearing provides clearing services to a select group of securities industry professionals. Their clients include proprietary traders, hedge funds, global banks, retail brokers/dealers, and quantitative firms. It began services in 2007 in Los Angeles and has expanded to New York City and Toronto. It is a member of both FINRA and SIPC and use advanced technologies in order to evolve with the industry.
Throughout the investigation, Electronic Transaction Clearing has remained cooperative. With a promise of excellence, transparency, and ETC’s new compliance to censorship, the company is moving forward with plans to prevent future violations.