• About Us


    Spectrum Global International Clearing was formed in 2010 and our primary line of business revolves around settling trading accounts, clearing trades

    » Readmore
  • Client Services


    Client Service is paramount to the success of Spectrum Global International. We recognize customer satisfaction and retention and the development of longstanding relationships

    » Readmore

Business Continuity Plan Summary

Spectrum Global International Clearing has developed and preserves on file a Business Continuity Plan ("BCP") as it relates to FINRA Rules 3510 and 3520. We also have an Information Systems Disaster Recovery Plan in place which is fundamental to the technical recovery of Spectrum Global International data. The plan consists of address recovery strategies, critical business processes, recovery teams, and recovery procedures. Only the Senior Vice President, Operations Manager or the Chief Operations Officer have the authority to approve and execute the BCP.

Spectrum Global International performs clearing procedures to broker/dealers which include, but are not limited to, executing, clearing and settling securities transactions on behalf of said financial entities, preparing and delivering confirmations of transactions and intermittent account statements, extending credit (margin), performing cashiering functions, funds and securities and collecting commission and other fees of the broker/dealers, safeguarding account funds and securities and maintaining books and records of the accounts. Spectrum Global International will disclose in writing a summary of our BCP to correspondents at the time an executed clearing agreement is received and when changes or updates are made to our plan.

It is Spectrum Global International's guiding principle to respond to a Significant Business Disruption ("SBD") by safeguarding our employees' lives and property, making a financial and operational appraisal, swiftly recovering and resuming operations, all the while protecting all of the firm's books and records, and allowing our customers to conduct their business.

Spectrum Global International's BCP anticipates a variety of disaster recovery levels, including immediate, short-term and long term. Recovery refers to the restoration of clearing and settlement activities after an interruption; resumption refers to the capacity to accept and process new transactions and payments after a disruption. The decision to formally declare a disaster will be made within four hours of an incident occurring. A disaster will be declared if the disruption of computing services is expected to last beyond eight hours. Spectrum Global International will notify their correspondents within four hours of the incident if we declare an SBD.

Data Back-Up and Recovery (Hard Copy and Electronic).

Spectrum Global International maintains its primary books and records electronically and our in house Chief Technology Officer is responsible for the maintenance and back-up of the electronic records. Spectrum Global International has adopted the Grandfather, Father, and Son ("GFS") system to ensure data integrity. Daily backups will occur during non-working hour that will back up critical data.

In The Event of a Significant Business Disaster

Declared By Spectrum Global International :

  1. Spectrum Global International will assess which means of communication are still available to communicate with our correspondents and contact all correspondents of the issue(s) related to the significant business disaster.
  2. If necessary, Spectrum Global International will move designated staff from our office to our supplementary location and basic business clearing operations will be established. Spectrum Global International will contact all correspondents via telephone, email or facsimile with instructions on continuing business operations.
  3. In the event of a SBD that would no longer allow our office to accept orders, Spectrum Global International will redirect orders to another location once personnel are on site. Spectrum Global International will continue to take orders through methods that are available and reliable. As the extent of the SBD is assessed, Spectrum Global International will inform our correspondents what alternatives they have to send their orders to us. Correspondents will be informed of alternatives by telephone, cellular telephone, email, or facsimile.
  4. In the event of a SBD that would no longer allow our office or Spectrum Global International staff access to client funds, Spectrum Global International has made arrangements for clients to access funds invested in the Bank Sweep program through DB Advisors Liquidity Management Group. Contact information will be communicated to all correspondents at the appropriate time (refer to item #1.
  5. Spectrum Global International will assess our financial situation and value and liquidity of our investments and other assets to evaluate our ability to continue to fund our operations and remain in capital compliance. If we determine that we may be unable to meet our obligations to those counter-parties or otherwise continue to fund our operations, we will request additional financing from our credit sources to fulfill our obligations to our correspondents. If Spectrum Global International cannot remedy a capital deficiency, we will file appropriate notices with our regulators and immediately.

The Spectrum Global International Approach to Correspondent Clearing

Spectrum Global International's strategic mission to establish ourselves as a distinguished and independent source for clearing services was forged by our partners who have a wealth of experience in the financial arena.

Since our inception Spectrum Global International have invested financial and intellectual capital to expand the firm's infrastructure and broaden our service capabilities. Spectrum Global International's management possesses the knowledge and business acumen required to help our clients operate more efficiently, expand upon our revenue streams, and increase profitability.

Through Spectrum Global International our clients have direct access to best-of-breed trading and communications technology, expansive market data, global research, tax friendly portfolio management tools, an abundance of cash management options on top of highly sophisticated wealth management products.