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)


Imperial Capital

Instinet, LLC

ITG, Inc.

Knight Securities

Kota Global Securities

LAM Securities


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.