LOS ANGELES, Sept. 27, 2017 /PRNewswire/ -- Electronic Transaction Clearing Inc. ("ETC") announced today that Jack Nicosia has joined the firm as Managing Director and Senior Vice President, Securities Lending. In this role, Mr. Nicosia will oversee all aspects of the firm's securities lending efforts and will be responsible for managing its growing team.
"As the head of Securities Lending, Jack has the experience and dedication to expand our platform to serve our clients and grow our business," said Vincent Lupo, Chief Executive Officer of ETC.
Mr. Nicosia brings over 20 years of securities lending experience to ETC and was most recently Managing Director of the Securities Lending Group at COR Clearing LLC. Mr. Nicosia and the ETC securities lending team are based in the firm's New York office.
"This is an exciting time to join ETC, as the firm is well-positioned for substantial growth. I'm thrilled to be part of this dedicated team and I look forward to leveraging my experience to help grow the business," added Mr. Nicosia.
About Electronic Transaction Clearing Inc.
ETC 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. ETC 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.