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Vision is pleased to announce that we were approved as a clearing member by the Intercontinental Exchange (ICE) and started self-clearing on the exchange on Monday, June 29th. ICE is a leading global futures and options exchange for trading in a broad array of agricultural commodities, including sugar, cotton, coffee, cocoa and frozen concentrated orange juice. ICE also provides trading in foreign exchange as well as futures and options contracts based on the U.S. Dollar Index.
In addition to ICE, Vision is also 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 with memberships in the Options Clearing Corporation (OCC), the Depository Trust Clearing Corporation (DTCC), Chicago Board Options Exchange (CBOE) and the International Securities Exchange (ISE). Having full clearing capabilities on both the securities side and the 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.
While smaller in size than the other entities, Vision has a clean balance sheet, did not nor does not need capital infusions (or government bailout money) and is the only privately held organization within this short list of firms. Furthermore, Vision has the resources and the experience to provide our clients with the best possible execution and clearing services, but remains a nimble, customer focused company that prides itself on a complete lack of bureaucracy.
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