Post
Brokers Participating in ACERA’s Directed Brokerage Program
List of Correspondent Brokers1
B. Riley & Co.
Barclays (US Algo and DMA only)
BIDS Trading
Bley Investment Group
Cabrera Capital Markets
Capital Institutional Services, Inc.
CF Global Trading
Commission Direct, Inc.
Cowen Securities (U.S.)
Heflin & Co., LLC
HSBC (U.S. and Asia/Pacific)
ICAP (U.S.)
Imperial Capital
Instinet, LLC
ITG, Inc.
Knight Securities
Kota Global Securities
LAM Securities
Liquidnet
O’Neil SecuritiesMerrill Lynch (U.S.)
Northeast Securities
Pershing, LLC
Piper Jaffray & Co.
Societe Generale
State Street Global Markets (Europe)
Weeden & Co LP
1 Provided by the Third-Party DB Administrator – CAPIS as of 9/30/2014.