Top stories
Vision Financial Markets LLC
usinfo | 2013-07-05 10:18
Vision Financial Markets LLC is a self-clearing futures commission merchant (FCM) registered with the Commodity Futures Trading Commission (CFTC) and theSecurities and Exchange Commission (SEC), that serves both retail and professional traders. The firm says it has partnered with more than 200 introducing brokers, representing more than 500 registered associated persons.[1]
The firm has offices in New York, Chicago, Stamford, Conn. and Santa Monica, Calif.
Background
Vision added to its customer account rolls in October 2012, when the firm was given control of about 15,000 customer accounts from Peregrine Financial Group, valued at about $123 million, during the bankruptcy process for Peregrine.[2] As of July 2012, Vision held $506.3 million in customer segregated funds, up from $415.7 million a year earlier according to CFTC data.[3]
Products and Services
The firm offers more than a dozen screen-based trading applications as well as services for algorithmic trading, high frequency trading and direct market access for stocks, futures and options.[4]
Registration
VISION FINANCIAL MARKETS LLC - NFA ID: 0208888
The firm has offices in New York, Chicago, Stamford, Conn. and Santa Monica, Calif.
Background
Vision added to its customer account rolls in October 2012, when the firm was given control of about 15,000 customer accounts from Peregrine Financial Group, valued at about $123 million, during the bankruptcy process for Peregrine.[2] As of July 2012, Vision held $506.3 million in customer segregated funds, up from $415.7 million a year earlier according to CFTC data.[3]
Products and Services
The firm offers more than a dozen screen-based trading applications as well as services for algorithmic trading, high frequency trading and direct market access for stocks, futures and options.[4]
Registration
VISION FINANCIAL MARKETS LLC - NFA ID: 0208888
Vision Financial Markets LLC (formerly Vision Limited Partnership) was formed in January 1988 and is a privately held company. Vision was registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) in 1990. With approximately 200 Introducing Broker offices representing over 500 registered associated persons, Vision has grown and expanded over the past 20 years to become one of the largest providers of Introducing Broker services in America. Vision is a member of the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX) and Commodity Exchange (COMEX), and the National Futures Association (NFA). Vision is a self-clearing member of all four CME Group exchanges and less than 40 organizations in the world have this distinction.
Vision is also a self-clearing securities broker/dealer registered with the Securities and Exchange Commission (SEC) and holds memberships with the Chicago Board Options Exchange (CBOE) and the International Securities Exchange (ISE). Vision is also a member of the Options Clearing Corporation, the Depository Trust Clearing Corporation, Financial Industry Regulatory Authority (FINRA) and Security Investor Protection Corporation (SIPC). Having full clearing capabilities on both the securities side and futures side in the U.S. markets puts Vision in some very elite company as there are less than twenty such entities in the world that have the same breadth of capabilities. Vision's offices are located in New York, Chicago and Stamford, CT.
Like all Futures Commission Merchants and security broker/dealers, we are tightly regulated and we are also meticulously audited by an independent auditor. We follow sound, conservative business practices to make sure we remain the trustworthy and reliable business partner our customers want and deserve.
