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Andover becomes "Assent LLC"
- Thread starter bmwstox
- Start date
BMWHere's a question. Now that the merger is done, does this mean that the new Assent, formerly Andover, is no longer self clearing? They sold that part of the business to Sungard. So does this mean, that Assent is now using Sungard to clear, which means that the money is not protected by Sungard anymore?
Quote from limitdown:
do you have a published news article on this?,
you know, from those unbaised Wall Street Analysts or something?
No, I'm just curious as to what the new structure is. From what I understand, the new ANdover, is a stand alone entity. So the traders under the new Andover are only prtotected up to the new Andovers assets, not Sungards. So it makes Andover like every other prop shop, except they are no longer self clearing.
Quote from OVERtheLINE:
not trying to start a fire here but curious as to why you seem to always be in the middle of any discussion related to andover???
are you not a hold trader?
Can I not find out information about a firm? Maybe I want to switch. Just because I'm with one firm doesn't mean I'm trying to be negative. Just trying to get some information. I think I got the answer, but want to see if someone else can confirm it.