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COR Clearing Announces Expansion of Securities Lending Team and Services

FOR IMMEDIATE RELEASE
November 6, 2017

COR Clearing Announces Expansion of Securities Lending Team and Services

 

Omaha, Neb. – COR Clearing LLC, the leading independent, full-service clearing firm serving U.S. middle-market brokerages, named Thomas Palmeri as head of its Edison, N.J.-based Securities Lending team and announced expanded service offerings and staffing.

Thomas Palmeri, named Managing Director, has been a securities lending executive with COR Clearing for several years and was instrumental to establishing the firm’s current capabilities in stock loan. To assist in further expansion, COR also hired Dennis Palmeri Jr. to join the team as Vice President of Sales, Securities Lending and promoted Rob Primiano to Vice President, Securities Lending Operations to oversee operational needs. Each of these executives bring strong industry knowledge and relationships to COR.

COR also announced continuing expansion of the stock loan products and services it offers introducing firms. Through its adaptable Anetics platform, COR recently added to its service offerings a web-based, real-time stock locating portal providing customers the ability to ascertain locates in a timely manner through COR’s established relationships. Reporting has also been enhanced for clients of introducing firms to receive customizable information on their accounts daily.

“We strive to continually enhance our service offerings, helping our introducing firms compete for clients and grow their businesses,” said Carlos P. Salas, COR Clearing’s CEO. “We’ve also strengthened our team to provide additional support for our correspondents.”

COR provides clearing and settlement, as well as related technology, administrative and other services to introducing brokerages through multiple customized platforms.

 

About COR Clearing LLC (www.corclearing.com)
Headquartered in Omaha, Nebraska, COR Clearing is a full-service independent securities clearing firm servicing retail and online broker-dealers and registered investment advisers throughout the United States. COR Clearing is a registered broker-dealer in all 50 states and is regulated by FINRA, the SEC, and additional Self-Regulatory Organizations (SROs). COR Clearing is the wholly-owned subsidiary of COR Securities Holdings Inc.