LOS ANGELES, Oct. 11, 2017 /PRNewswire-USNewswire/ -- Electronic Transaction Clearing Inc. ("ETC") announced today that Matthew Shatz has joined the company as Managing Director overseeing ETC's forthcoming Prime Services division based in New York. Prime Services provides execution, clearing, settlement, and custodial services to hedge funds and family offices. Mr. Shatz is also helping to advance and optimize services offered to the firm's professional trading, high-frequency, and routing and introduced brokerage clientele.
With more than 15 years of experience in the financial services industry, Mr. Shatz has extensive expertise in sales, trading, clearing, margin financing, and client reporting. He brings with him an impeccable reputation for developing a strong client base, enabling customers to grow their businesses while increasing firm revenue. Prior to joining ETC, Mr. Shatz has proven his ability to build profitable businesses at Newedge USA and other brokerage firms. Most recently, Mr. Shatz was the Global Head of Execution & Clearing at SageTrader, LLC.
"I couldn't be more excited to welcome Matt to ETC," said Vincent Lupo, Chief Executive Officer of ETC. "He is highly qualified to manage and lead our Prime Services effort. Matt's leadership and abilities will enhance the overall client experience. We are confident that he will play a significant role and contribute greatly to the company's overall success."
"There is a need in the marketplace for a clearing firm to offer a full suite of services to support clients, said Mr. Shatz. "This is a great opportunity and I look forward to working with the entire ETC team as we enrich our clients' experience and achieve our shared goals."
About Electronic Transaction Clearing, Inc.
Electronic Transaction Clearing is a preeminent brokerage and clearing company, which offers sophisticated clearing, settlement and custodial services to securities industries participants, such as broker-dealers, ATS's (alternative trading systems), routing firms, professional trading firms, black-box trading firms and hedge funds. Since its regulatory approval in July 2009, the Company has routinely cleared a significant percentage of all US daily equities share volumes. Electronic Transaction Clearing is a member of FINRA, SIPC and all major US stock exchanges.
Marketing Coordinator, ETC Global Group
(213) 402-1570 ext. 1536
SOURCE Electronic Transaction Clearing Inc.