Trader Options / Settlement Services
Trading requires split-second decisions making multiple times a day. That’s why Lakeside Bank has designed a package of financial services especially for traders. Not only are we equipped to manage daily personal and business banking needs, but we are also one of only a handful of banks that are registered Settlement Banks for both the Chicago Mercantile Exchange (CME) and the Depository Trust and Clearing Corporation (DTCC). In today’s regulatory environment, having a relationship with a Bank that understands Broker Dealers is a necessity.
Lakeside Bank has one of the most experienced teams in the industry and has worked with BD and FCMs for decades. Our Board of Trade office has developed a variety of services that meet the needs of our customers, including trading financing when unexpected increases in volume cause margin requirements to soar. Our account managers and equity lenders have become very familiar with the trading community, providing boutique and customized products that can adapt quickly to this rapidly changing environment.
Partnering with you:
At Lakeside Bank, we understand trading needs, so we created our products with one goal in mind: Make your job easier!
- Settlement Services: As a DTCC and CME Settlement Bank, we provide a full array of banking services with emphases focusing on our trading community.
- Lending: With a wide variety of lending options, Lakeside works with you to provide fast and effective solutions designed to meet your specific needs and at competitive pricing.
- Segregated Funds: Seg Fund accounts to protect and meet customer regulatory requirements.
- Treasury Management Services: We offer a wide range of tailored treasury management services to help companies better manage cash flow and streamline the ability in satisfying A/P and A/R operations. We even have BDs that settle through their partnered relationships but hold their banking activity at Lakeside because they find comfort in our hands on approach.
- Sweep Program: Allows you FDIC insurance designed to your specifications and providing maximum yield.
During times of market uncertainty and increased regulation, other banks have turned their focus away from broker-dealers, often leaving those customers struggling to find new banking and Settlement relationships. At Lakeside Bank, we support our customers by providing a safe environment for you and your customers assets. When spikes in margin have you worried, our Lakeside specialists is always available on the other end of phone. Comforting to know when you need something done now and done right.
As a midsize bank, we’re just the right size to offer personal service with the power to get things done quickly. As we say, “Your money is personal. Your banker should be, too.”
We look forward to introducing you to our Board of Trade team at Lakeside.