Services

Great Pacific Securities (GPS) offers proprietary economic research and a staff of institutional traders experienced in both the fixed income and equity markets.

Our trading desk consists of four professionals, with combined experience of over 75 years in institutional order execution. GPS’s current base of institutional clients consists of over 300 professional money managers, both U.S. and internationally based. GPS trades approximately $1 billion in domestic equities and $35 billion in domestic fixed income per year.

GPS has a fully disclosed clearing agreement with Broadcort, a Division of Merrill Lynch, Pierce, Fenner & Smith, for clearing domestic trades. Additionally, GPS maintains relationships with international broker/dealers for execution and clearing of all foreign transactions. Great Pacific will provide a current list of international executing broker/dealers upon request.

Execution Capabilities

The Equity Trading Desk of GPS executes domestic and Canadian transactions on all exchanges, ECN’s and dark pools. All other foreign equities are handled through direct relationships with our overseas partners.

Fixed income trading encompasses US government, agency (GSE), municipal, corporate, mortgage-backed bonds, and certificates of deposits.   A brief description of our trading abilities includes:

Fixed Income- GPS’s fixed income traders are current on all major market developments.  They maintain daily contact with primary and regional broker-dealers. GPS “shops the market” for the best price and execution on all fixed income trades. Additionally, GPS works closely with its customers’ portfolios to create cross-customer swaps that allow each manager to better reach their investment objectives while decreasing transaction costs.                 Government Sponsored Agencies (GSE) GPS specializes in servicing government and quasi-government entities. In 2005, the firm expanded its desk to become an underwriter of the product these entities invest in most, government agencies. GPS is a direct underwriter for Freddie Mac and the Federal Home Loan Bank. GPS can access the window for any posting or perform a reverse inquiry should a date that is not posted be desired.  In addition, GPS has relationships with most swap desks, so if the appropriate security for a client is not readily available, GPS will seek to structure and create the necessary security.  Lastly, GPS is a member of the Global Group for the Federal Home Loan Bank and the reference note pool for Freddie Mac.  This gives GPS the ability to access many of the large deals directly from these Agencies.  Municipal & Corporate Underwriting GPS is included in all the underwriter pools for the State of California.  Our Corporate Debt distribution capabilities leverage the aforementioned underwritings. Equities – GPS uses smart routers to access all markets, market makers, and ECNs to provide the best execution to its clients.  Additionally, GPS has access to dark pools to find liquidity.  GPS seeks to provide quick best-price execution or passively work an order for a customer. GPS can accept order flow from a variety of electronic providers and from most FIX compliant systems.  All commission rates are reviewed and set commensurate to customer volume and trading style.  Orders received by GPS typically are “worked” due to their size and complexity.  Trade execution is relayed to the client’s traders along with any pertinent information that is unique to the situation (i.e., there is a large working seller of your stock in the market).  GPS has four suites of algorithms it can choose from and even mix and match to help customers meet their equity execution goals.  GPS invests in the best technology for its trading systems and has all necessary infrastructures to conduct corporate buyback programs, VWAP trading, Market on Open or Close orders, and Implementation Shortfall strategies. International – GPS is active outside the United States in trading international equities and debt instruments. We maintain direct desk-to-desk relationships with several recognized foreign broker/dealers allowing GPS access to foreign exchanges. Trades may be initiated through GPS, or may be entered on a directed basis through our foreign correspondents. Diversity Solutions Many Institutional Clients require a Diversity component in their brokerage offering.  GPS is a Certified Minority Business Enterprise (MBE), and a Certified Small Business Enterprise (SBE). Copies of our Certifications are available here. Anti-Money Laundering As outlined in the FINRA Customer Identification Program Notice, which may have been provided to you upon opening your account, the USA Patriot Act and the recently passed rules regarding customer identification requires broker-dealers such as Great Pacific Securities to collect certain identification information from all customers and verify their identities.

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