ASL is now one of 25 primary dealers, which serve as counterparties to the New York Fed in open-market operations, underwrite Treasury debt issuance, and provide analysis and market intelligence to trading desks at the New York Fed.
�Being designated a primary dealer by the Federal Reserve Bank of New York is consistent with our focused strategy to provide our customers with the highest level of service and best market intelligence in the U.S. government securities sector,� said David Littlewood, ASL Chief Executive Officer.
�We are delighted to join the group of dealers trading directly with the Federal Reserve Bank of New York,� said Evan Gerhard, ASL President and Chief Operating Officer. �This designation is a natural next step as we continue to build our fixed income platform to provide broad access and liquidity in US government securities.�
ASL Capital Markets is a market-leading, independent broker-dealer providing institutional clients trading and securities financing solutions in US government securities. ASL is a certified Minority-Owned Business (MBE) certified by the Greater New England Minority Supplier Development Council as well as several states. The firm is FINRA registered, a self-clearing member of the Fixed Income Clearing Corporation and a member of SIPC. For further information about ASL, see www.aslcap.com.
The issuer is solely responsible for the content of this announcement.