Clearing

Execution and clearing are at the core of the investment process. Our clients require best execution - but this must be followed by an efficient clearing and settlement process. Richards & Company leads in both areas.

As an active participant in worldwide markets - Richards & Company has affiliations and memberships with some 70 financial markets - we are a significant intermediary in the global order flow of many instruments. We have consistently ranked number one in clearing and execution volume on both the ICE and NYMEX, for example, and we are major players in most other markets. Richards & Company trades an average of 8.5 million contracts daily, more than most of the world's derivatives exchanges. Because of the depth of our market involvement, Richard & Company has the order flow needed to provide substantial liquidity and premier pricing.

The world's financial markets are constantly in motion. Only a firm that is deeply involved in a wide range of markets can help investors successfully trade in futures, options and securities. Richards & Company's highly experienced professionals, backed by substantial technology and broad exposure to an array of order flows, are well-positioned to help clients get the best possible execution when and where they need it.

Richards & Company combines superior execution with clearing, settlement, and record keeping excellence. Our solid technological foundation enables accurate and timely clearing as well as seamless processing.

At Richards & Company, we clear trades quickly and accurately. That's important for investors because good clearing is a cornerstone of effective portfolio management. Investors can't manage their cash positions or their foreign exchange without knowing that trades have cleared. Moreover, in order to pursue active trading strategies, investors need to be confident that they know the status of all of the holdings in their investment portfolio. Richards & Company clients know precisely what they've bought, what they've sold, and what they hold. It sounds simple, but it's crucial to pursuing any investment strategy.

As a full-clearing Futures Commission Merchant (FCM) for over 50 years, Richards & Company offers a depth of knowledge and attention to detail, unrivaled in the futures industry today. We recognize that all of our clients expect and deserve:

  • Timely fill reports and open order status
  • Accurate position reports
  • Correct account balances
  • Speedy processing of deposits and withdrawals
  • Correct, reasonable commissions and fees
  • Friendly, personal service from attentive staff
At Richards & Company, we focus relentlessly on these client mandates each and every day. In addition, we believe that our extensive reach allows us to provide you with many avenues to trade globally.

Richards & Company's unparalleled access to markets combined with our superior execution skills help our clients pursue the best possible results in markets that are often changing rapidly.

We're equally well-equipped to receive orders via the telephone or via electronic trading platforms. All of these resources are focused on achieving the best possible execution for our clients.

Investors who use Richard & Company to execute their orders for a wide range of instruments know they'll get:
  • 24-hour-a-day access to the global marketplace
  • Superb access to markets around the world
  • Timely and accurate execution of orders
  • Online and telephone trading choices
  • Fast and accurate trade reporting.

We are proud to hold Full Clearing Memberships at the following exchanges:

  • Chicago Mercantile Exchange (CME)
  • Chicago Board of Trade (CBOT)
  • New York Mercantile Exchange (NYMEX/ COMEX)
  • ICE Futures U.S. (Formerly New York Board of Trade)
  • ICE Futures Europe
  • ICE OTC
  • London Clearing House (LCH)
  • Dubai Mercantile Exchange (DME)
  • Fixed Income Clearing Corp. (FICC)

We are also happy to hold Non-Clearing Memberships at the following:

  • Eurex
  • Euronext.Paris (MATIF)
  • Euronext.Liffe
  • OneChicago
  • Chicago Stock Exchange
  • Winnipeg Commodity Exchange (WCE)
  • Chicago Climate Exchange (CCX)
  • Joint Asian Derivatives Exchange (JADE)

Thanks to our extensive relationships with several other FCMs, we are able to offer access to many other worldwide exchanges. These include:

  • Kansas City Board of Trade (KCBT)
  • Minneapolis Grain Exchange (MGEX)
  • London Metal Exchange (LME)
  • Montreal Exchange (MX
  • Italian Derivatives Exchange Market (IDEM)
  • Spanish Official Exchange for Financial Futures & Options (MEFF)
  • Singapore Exchange Limited (SGX)
  • Tokyo Financial Exchange (TFX)
  • Tokyo Commodity Exchange (TOCOM)
  • Tokyo Stock Exchange (TSE)
  • Hong Kong Futures Exchange (HKFE)
  • Sydney Futures Exchange (SFE)
  • CBOE Futures Exchange (CFE)
  • Bursa Malaysia
  • Osaka Securities Exchange (OSE)
  • Dubai Gold and Commodities Exchange (DGCX)