AtlasClear signs sixth correspondent broker-dealer agreement

Tampa, Fla. - AtlasClear Holdings has signed its sixth correspondent broker-dealer agreement through its subsidiary AtlasClearing, according to a press release. AtlasClearing has bolstered its staff and executive team to support existing operations and future pipeline development. The company also brought on a compliance professional with experience at Morgan Stanley to enhance its anti-money laundering program.

AtlasClear's Executive Chairman, John Schaible, explained that each correspondent clearing platform becomes more valuable as more relationships are added to existing infrastructure. President Craig Ridenhour emphasized that the company's infrastructure work was designed with platform scalability in mind, allowing for a growing operations team to accommodate additional agreements.

AtlasClear stated it is in ongoing discussions with other broker-dealers and anticipates announcing further deals as they are finalized. The company expects to file its annual Form 10-K report with the SEC by the end of the year. AtlasClear operates through AtlasClearing, a SEC and FINRA-registered correspondent broker-dealer that provides trading, clearing, and settlement services for financial institutions and fintechs.