DST (NYSE: DST) said it has launched its new correspondent clearing business designed specifically for retail independent broker-dealers.
DST´s clearing services platform will leverage the company´s core competency in technology processing along with expertise in traditional brokerage business.
Industry veteran Craig Gordon has joined DST to lead the new clearing business efforts.
Headquartered in Kansas City, MO., DST Systems is a provider of sophisticated information processing and servicing solutions to companies around the world. Through its global enterprise, DST delivers strategically unified business processing, customer communications, and data management solutions to the asset management, brokerage, retirement, and healthcare markets. For more information, visit www.dstsystems.com.