AK Capital LLC has a fully disclosed clearing arrangement with Pershing, a subsidiary of The Bank of New York Mellon Corporation. Pershing provides domestic and international correspondent services to institutional broker dealers and other financial firms. In addition to being full clearing members of the DTC and NSCC in the United States, the firm also clears in more than 60 countries. The Bank of New York is a leading provider of global securities processing services. It has the experience, resources and advanced technology to meet the evolving needs of its client base worldwide. Through its extensive subcustodian network, regional operations centers, and memberships with multiple depositories, it processes trades in over 90 markets around the world. The Bank of New York was founded in 1784 by Alexander Hamilton and is the nation's oldest bank. It is the principal subsidiary of The Bank of New York Company, Inc., one of the largest bank holding companies in the United States. The Company provides a complete range of banking and other financial services to corporations and individuals worldwide through its basic businesses: Securities Servicing and Cash Processing; Corporate Banking; BNY Asset Management and Private Client Services; Retail Banking; and Financial Market Services.
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