Wedbush’s combined clearing business covers securities, exchange-traded futures and institutional currency products. Its broad service list should be read by account type: securities APIs and SIPC protections cannot automatically be carried across to a futures or OTC FX relationship.[1]
Accounts and eligibility
Sections ↑Account comparison01
Account types
| Item | Terms and scope |
|---|---|
| Issuer | Wedbush Securities Inc.Source 1 |
| Registrations | Broker-dealer, FCM and swap dealer cited by firmSource 1 |
| Primary clients | Institutions, broker-dealers, funds, CTAs, proprietary firms and HNW clientsSource 1 |
| Onboarding route | Relationship and service-specific clearing agreementsSource 1 |
| Account minimum | Not supplied as a universal retail minimumSource 1 |
Account comparison02
Securities clearing account structures
| Item | Terms and scope |
|---|---|
| Fully disclosed | Named underlying customers carried by the clearing brokerSource 1 |
| Omnibus | Intermediary account structureSource 1 |
| Portfolio margin | PMA accounts are listedSource 1 |
| Joint back office | JBO service is listedSource 1 |
| ETF activity | Creation/redemption facilitiesSource 1 |
Account comparison03
Customer segments in the clearing proposition
| Item | Terms and scope |
|---|---|
| Securities intermediaries | Broker-dealers, RIAs and market makersSource 1 |
| Derivatives intermediaries | CTAs, CPOs and introducing brokersSource 1 |
| Institutional end users | Funds, family offices, proprietary firms and agricultural hedgersSource 1 |
| Individuals | High-net-worth clients are included; no universal retail opening minimum is postedSource 1 |
Products and market access
Sections ↑At a glance04
Market coverage
| Item | Terms and scope |
|---|---|
| Institutional spot FX | Spot currency execution named in firm overviewSource 1 |
| FX forwards and NDF | OTC forwards, NDFs and vanilla currency options offeredSource 1 |
| FX bullion | Precious-metals liquidity desk listedSource 1 |
| Global listed markets | Futures and futures options across three regionsSource 1 |
| Other securities | Equities, options, fixed income and repo supportSource 1 |
Specifications05
Institutional FX instruments
Specifications06
Futures and digital-asset derivatives
| Item | Terms and scope |
|---|---|
| Regions | North America, Europe and Asia/PacificSource 1 |
| Contracts | Futures and futures optionsSource 1 |
| Crypto segment | CFTC-regulated crypto futures/options clearingSource 1 |
| Ownership distinction | A listed crypto derivative is not direct custody of a crypto tokenSource 1 |
Specifications07
Securities and Treasury services
| Item | Terms and scope |
|---|---|
| Securities custody | Equities, options and fixed incomeSource 1 |
| Treasuries | Clearing and end-of-day repo financing for approved clientsSource 1 |
| Trading scope | On-the-run, off-the-run, special issues and relative-value/basis tradesSource 1 |
| Clearing access | FICC membership is namedSource 1 |
Costs and charges
Sections ↑At a glance08
Price metrics
| Item | Terms and scope |
|---|---|
| FX spreads | Negotiated institutional liquidity through bank/non-bank sourcesSource 1 |
| Futures charge | Clearing plus venue costs by contractSource 1 |
| Prime services | Prime of prime / DMA facilitiesSource 1 |
| Security lending | Dedicated hard-to-borrow and stock-loan deskSource 1 |
| Treasury/repo | U.S. Treasury clearing and financing serviceSource 1 |
Pricing & charges09
Securities cash-interest policy
| Item | Terms and scope |
|---|---|
| Eligible balance | Free-credit cash held for investment or reinvestmentSource 2 |
| Rate | Floating, adjusted periodicallySource 2 |
| Small monthly amount | Less than US$1 is not creditedSource 2 |
| Customer choice | The disclosure allows customers to advise otherwiseSource 2 |
Pricing & charges10
Financing arrangements differ by asset
| Item | Terms and scope |
|---|---|
| Stock borrowing | Hard-to-borrow availability and short rates through the securities-finance deskSource 1 |
| Treasuries | Repo financing under an approved facilitySource 1 |
| FX | Bilateral liquidity and prime-of-prime termsSource 1 |
| No single tariff | The public overview does not establish one commission or financing rate across these servicesSource 1 |
Platforms, orders and execution
Sections ↑At a glance11
Order workflow
| Item | Terms and scope |
|---|---|
| OTC FX liquidity | Tier 1 bank and non-bank counterparties describedSource 1 |
| FX access | Prime-of-prime and DMA advertisedSource 1 |
| Futures platform | Global direct market access and multiple front endsSource 1 |
| Low-latency services | Colocation and server-hosting choicesSource 1 |
| APIs/FIX | Account and securities integration APIs and FIX listedSource 1 |
At a glance12
Futures execution infrastructure
| Item | Terms and scope |
|---|---|
| Routing | Direct market access and multiple front endsSource 1 |
| Voice support | 24-hour trade support/executionSource 1 |
| Post-trade | Straight-through processing and average-price allocation accountsSource 1 |
| Infrastructure | Hosting, colocation, network design and client trading facilitiesSource 1 |
At a glance13
FX market-access model
At a glance14
Securities routing disclosures
| Item | Terms and scope |
|---|---|
| Rule 606 | Quarterly routing reports are linkedSource 2 |
| Specific order | Routing destination can be requested in writingSource 2 |
| Payment for order flow | Wedbush says it may receive payments from some venuesSource 2 |
| Compensation detail | Source and specific amount available on requestSource 2 |
At a glance15
Limits of public execution-quality statistics
| Item | Terms and scope |
|---|---|
| Rule 605 | Monthly NMS execution-quality reportsSource 2 |
| Special handling | Wedbush says most of its executed flow falls outside the covered sampleSource 2 |
| Interpretation | The reported sample need not describe all client ordersSource 2 |
| Product perimeter | These securities reports are not FX or futures slippage statisticsSource 2 |
Funding, settlement and transfers
Sections ↑At a glance16
Settlement and funding
| Item | Terms and scope |
|---|---|
| Securities accounts | Published SIPC and excess-SIPC explanationSource 1 |
| Futures collateral | FCM segregation and daily margin frameworkSource 1 |
| FX physical delivery | Corporate and hedger settlement facilities offeredSource 1 |
| Treasury financing | Repo and clearing operations separateSource 1 |
| Funding timing | Same-day and T+1 settlement are FX delivery capabilities, not a general cash-withdrawal SLASource 1 |
At a glance17
Settlement and money-movement capabilities
| Item | Terms and scope |
|---|---|
| FX | Same-day and T+1 delivery capabilities advertisedSource 1 |
| Securities API | ACH and wires supported in the clearing-technology suiteSource 1 |
| Account scope | Configured for the applicable clearing relationshipSource 1 |
| Timing | No universal customer withdrawal deadline follows from those capabilitiesSource 1 |
Regulation and client assets
Sections ↑At a glance18
Regulation
| Item | Terms and scope |
|---|---|
| Broker-dealer protection | Basic SIPC $500,000 including $250,000 cash, for eligible securities accountsSource 1 |
| Excess securities protection | Posted excess bond:US$25 million per client, US$900,000 cash sublimit, US$100 million aggregateSource 1 |
| FCM responsibilities | Futures commission merchant registration notedSource 1 |
| Swap dealer | Firm claims swap dealer registrationSource 1 |
| Client assets | Asset segregation and risk monitoring toutedSource 1 |
Entities & regulation19
Basic SIPC and excess bond: eligible securities
| Item | Terms and scope |
|---|---|
| Basic SIPC | Up to US$500,000; cash component up to US$250,000Source 1 |
| Lloyd’s excess | Up to US$25 million per client in the posted descriptionSource 1 |
| Excess cash | US$900,000 sublimitSource 1 |
| Combined headline | Up to US$25.5 million; cash up to US$1.15 millionSource 1 |
| Aggregate | US$100 million total loss limit on the excess bondSource 1 |
Entities & regulation20
What the securities coverage does not establish
| Item | Terms and scope |
|---|---|
| Investment loss | Does not compensate market-price declineSource 1Source 3 |
| Eligible missing property | Recovery concerns otherwise unrecoverable cash/securitiesSource 1Source 3 |
| Futures collateral | Not SIPC-protected under the FCM disclosureSource 1Source 3 |
| Aggregate constraint | The excess bond is shared; multiplying the client headline by all clients overstates coverageSource 1Source 3 |
Entities & regulation21
Securities margin and liquidation powers
| Item | Terms and scope |
|---|---|
| House margin | Can increase without advance noticeSource 2 |
| Margin shortfall | Additional cash/collateral or position reduction may be requiredSource 2 |
| Asset selection | Wedbush chooses which collateral to liquidateSource 2 |
| Advance warning | Normal practice does not create an obligation to warn before liquidationSource 2 |
| Deficit | The customer remains responsible after forced salesSource 2 |
The US$25.5 million headline combines basic SIPC with a private excess bond. It needs three qualifications beside it: the excess cash sublimit, the US$100 million shared aggregate and the restriction to eligible missing securities/cash. Futures and OTC FX must be assessed under their own collateral agreements.[1][3]
Support and account records
Sections ↑At a glance22
Desk operations
| Item | Terms and scope |
|---|---|
| Futures trade desk | 24-hour support identifiedSource 1 |
| FX desk | 24-hour coverage marketedSource 1 |
| Clearing operations | Straight-through-processing and average-price allocationsSource 1 |
| Risk monitoring | Real-time risk and portfolio oversight tools offeredSource 1 |
| API help | Fintech integration and onboarding librariesSource 1 |
At a glance23
Continuity channels during an outage
| Item | Terms and scope |
|---|---|
| Local office affected | Contact another office using the published location directorySource 2 |
| Online records | ClientLink remains a stated alternative where availableSource 2 |
| Firm-wide incident | Updates/contact instructions posted on the websiteSource 2 |
| Plan | Reviewed and tested annually; copy available on requestSource 2 |
At a glance24
Continuity infrastructure described by the firm
| Item | Terms and scope |
|---|---|
| Primary technology | Two geographically separated operating sitesSource 2 |
| Backup | Additional storage at a third locationSource 2 |
| Account processor | Separate data-processing provider also retains account historySource 2 |
| Limitation | A published continuity plan is not a guarantee of uninterrupted dealingSource 2 |
Research and additional services
Sections ↑At a glance25
Additional services
| Item | Terms and scope |
|---|---|
| Prime services | Prime-of-prime OTC FX liquiditySource 1 |
| Clearing clients | Broker-dealers, CTAs, funds and proprietary tradersSource 1 |
| Securities custody | Stocks, fixed income and securities lending supportedSource 1 |
| Treasury financing | FICC-related repo/clearing servicesSource 1 |
| Electronic integrations | Cloud APIs, FIX and STP advertisedSource 1 |
At a glance26
Clearing APIs for account administration
| Item | Terms and scope |
|---|---|
| Onboarding | Create/update accounts and upload documentsSource 1 |
| Asset servicing | Balances, positions, equity and buying powerSource 1 |
| Activity | Trades, corporate actions, dividends and margin callsSource 1 |
| Documents | Confirmations, statements and tax recordsSource 1 |
At a glance27
Securities finance and FIX integration
| Item | Terms and scope |
|---|---|
| Locate portal | Electronic stock-location accessSource 1 |
| Borrowing operations | Dedicated hard-to-borrow, recall and buy-in desksSource 1 |
| Financing | Fully paid lending and financing programmesSource 1 |
| FIX connectivity | 20+ OMS integrations claimed for equities, options and fixed-income trade captureSource 1 |
Company and legal entities
Sections ↑At a glance28
Disclosure dates and registration claims
| Item | Terms and scope |
|---|---|
| Legal company | Wedbush Securities Inc.Source 1Source 2Source 3 |
| Company-described roles | Broker-dealer, FCM and swap dealerSource 1Source 2Source 3 |
| Current website | Regulatory hub checked 27 October 2026Source 1Source 2Source 3 |
| Linked FCM document | June 2024; subsequent capital changes are not captured by that dateSource 1Source 2Source 3 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Wedbush Securities Inc.
United StatesSource 1
No separate licence entry is recorded in this panel.
Important account distinctions
Sections ↑At a glance29
An aggregate-policy example
| Item | Terms and scope |
|---|---|
| Five separate maximum excess claims | Five times US$25 million would be US$125 millionSource 1 |
| Policy aggregate | Posted limit is US$100 millionSource 1 |
| Implication | The headline per-client limit cannot be assured to every claimant simultaneouslySource 1 |
| Scope | Illustrates the aggregate cap; actual claims depend on bond termsSource 1 |
Sources & further reading
- Wedbush global clearing, FX, futures and SIPC disclosure Wedbush Securities · Accessed 27 Oct 2026
- Wedbush regulatory, margin, interest and continuity disclosures Wedbush Securities (FX & Futures) · Accessed 27 Oct 2026
- Wedbush FCM disclosure linked from current hub, dated June 2024 Wedbush Securities (FX & Futures) · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.