Trading

Where We Have An Edge

Pershing has been synonymous with high-quality trade executions for more than 65 years. The first Pershing traders to establish zones on the floor of the New York Stock Exchange were pioneers in delivering faster, professional service to investors. Today, that same enterprising spirit underlies our ability to buy and sell investment products in financial markets around the world.

Our trading and service desks are renowned for creative problem-solving and customized services, giving our customers what they need most: professional service and the ability to satisfy multiple functions through a central location. Our business development and strategy team offers a wealth of expertise and product knowledge to help clients understand and benefit from all the key features of Pershing's trading products. Because our professionals understand the markets as well as investors in those markets, we are able to offer quality service. But even with the highest-quality service, expert executions are a prerequisite to satisfying retail investor needs. No firm has more execution expertise than Pershing.

When it comes to investing overseas, we provide access to execution, clearing, settlement, and reporting services for foreign instruments. We can settle overseas transactions in any major foreign currency, or in U.S. dollars, through our domestic facilities or our London subsidiary, Pershing Limited. Our network of custodial agents and multi-currency capabilities helps ensure fast, accurate service.

We offer trading and execution experience in the following areas...

• Listed and OTC Securities
  Our desk makes markets in New York Stock Exchange^®, American Stock Exchange^®, and NASDAQ^® listed stocks, as well as Bulletin Board stocks and Pink Sheet stocks. Specifically, the desk makes a market in over 730 listed stocks and over 3,500 Bulletin Board and Pink Sheet stocks combined. With our electronic market making capabilities, you can expect us to provide you with additional liquidity and increased speed of execution, whether you have retail or institutional-size order flow.

• Fixed Income
  We are a market maker and provider of sales expertise in a wide variety of products and services, including:
  - Corporate Bonds
  - Euro Dollar Bonds
  - Government Bonds
  - Money Market Instruments
  - Mortgage-backed Securities
  - Municipal Bonds
  - Preferred Stocks
  - Unit Investment Trusts

• Mutual Funds
  Pershing offers the ability to execute, settle, and maintain custody for more than 11,500 load and no-load funds and provides the facilities to process dividend reinvestment, exchanges, and systematic withdrawals.