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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> First Clearing

Pershing dominates clearing firm market share

Posted by RJ and Makay on Jul 13, 2010
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InvestmentNews has posted the top clearing firm Techno Graphrankings based upon their survey. The top 16 clearing firms represent 3,297 clients. Of these, Pershing (owned by Bank of New York Mellon) has a dominating 28% market share. Penson follows with 12%, and Fidelity with 9%. In fact, these 3 firms represent nearly half of the 16 firm client total. See 16 of the Top clearing firms ranked by number of brokers. The top 5 are 1. Pershing 2. Penson 3. NFS (Fidelity) 4. Goldman Sachs 5. JP Morgan. Raymond James was the last on the list at number 16.

Among clearing firm market share among the largest broker-dealers Pershing agains dominates with 50% market share. National Financial Services (Fidelity) is a distant second with 23% and First Clearing with 7%. No other clearing firm has more than a 3% market share for the largest IBDs. Read the full list with chart.