Connect to Wedbush Securities with ZagTrader

Who is Wedbush Securities?

Wedbush Securities is one of the larger independent US broker-dealers, with a long history across retail and institutional brokerage, investment banking, and capital markets. The firm is particularly well known in two areas that matter to professional market participants: its clearing and correspondent business, where it provides execution, clearing, custody, and settlement services to other introducing brokers and financial firms; and its electronic execution, which has made it a recognized name among active, high-volume, and professional traders. Alongside these, Wedbush offers capital-markets services spanning equity and fixed-income trading, research, and underwriting.

For introducing brokers, hedge funds, proprietary desks, and other institutions, Wedbush therefore plays more than one role. It can act as an execution counterparty for routed order flow, and it can act as the clearing and correspondent firm that clears, custodies, and settles trades on behalf of a smaller broker. Reaching either capability through a stable, well-monitored, certified connection is a practical requirement for any desk that trades or clears through it, and that is the role ZagTrader is built to fill.

How ZagTrader connects and routes to Wedbush Securities

ZagTrader provides institutional connectivity to Wedbush Securities through FIX sessions and supported API interfaces, established and tested so that order flow, executions, and acknowledgements travel over resilient, monitored links. The same connectivity supports direct market access workflows, letting desks send orders to Wedbush for execution while retaining full control and visibility on the trading blotter, as well as the order, allocation, and post-trade messaging that a clearing or correspondent relationship requires.

Connectivity is delivered as part of ZagTrader's integrated Order Management System (OMS) and Execution Management System (EMS). Traders work from a unified blotter, apply pre-trade compliance and risk checks, and use smart order routing logic to direct orders appropriately before they leave the desk. Drop-copy sessions provide an independent, real-time stream of execution and order-status messages for reconciliation, surveillance, and risk monitoring. Because order management, execution, routing, and post-trade share one platform, there are no brittle hand-offs between disconnected systems — whether Wedbush is acting as an execution venue, a clearing firm, or both.

• FIX and API sessions for order entry, execution reports, and acknowledgements.
• Direct market access order flow with full blotter visibility.
• Smart order routing managed within the OMS/EMS before orders are sent.
• Drop-copy sessions for independent reconciliation and surveillance.
• Order, allocation, and post-trade messaging to support clearing and correspondent flow.

Execution, clearing, and correspondent services

What distinguishes Wedbush for many firms is that execution and clearing can sit with the same counterparty. A desk may route orders to Wedbush for execution, while an introducing broker may rely on Wedbush as its clearing and correspondent firm to clear, custody, and settle the resulting trades. ZagTrader is built to support both sides of that relationship from one platform, managing the order and post-trade data flow around whichever services a client uses.

Where Wedbush executes, fills are captured over FIX and confirmed via drop-copy, then fed into ZagTrader's post-trade processing. Where Wedbush clears, trade details and allocations are passed for clearing and settlement, while position, balance, and corporate-action data flow back so that the firm's books and records stay aligned with the cleared and custodied reality. Settlement itself takes place through Wedbush and the relevant US market infrastructure; ZagTrader's responsibility is to keep the surrounding order, allocation, and reconciliation data complete, timely, and accurate. The specific execution, clearing, and correspondent services available always depend on a client's own agreements and onboarding with the firm.

• Execution flow with fills captured over FIX and confirmed by drop-copy.
• Trade and allocation details passed downstream where Wedbush clears and settles.
• Custodied positions, balances, and corporate actions reflected back into books and records.
• Reconciliation against execution, clearing, and custody data built into the workflow.
• Settlement handled through Wedbush and US market infrastructure, not by ZagTrader.

Post-trade, settlement, and reporting

Execution is only the first step in the trade lifecycle, and ZagTrader is built to carry flow routed to or cleared through Wedbush Securities all the way through to booking. Fills and post-trade messages captured over FIX and drop-copy feed straight into the platform's post-trade processing, so that trades, allocations, and positions are kept consistent without manual re-keying.

The platform supports trade confirmation and allocation, generation of settlement instructions, and reconciliation against counterparty, custodian, and clearing records. Settlement itself takes place through the relevant US market infrastructure and either Wedbush's clearing services or the client's own custody and clearing arrangements; ZagTrader's role is to manage the order and post-trade data flow accurately around that process. Reporting and audit-ready record keeping are produced from the same source of truth that runs from order inception, helping desks and introducing brokers meet their internal control and regulatory obligations.

Why route to Wedbush Securities through ZagTrader

Routing to Wedbush Securities through ZagTrader means consolidating execution, routing, risk, compliance, and post-trade onto one multi-asset front-to-back platform instead of stitching together separate systems for each function — and doing so whether Wedbush is your execution counterparty, your clearing and correspondent firm, or both. A single OMS/EMS blotter spans Wedbush alongside other supported brokers and venues, so traders manage their full book in one place and operations work from one consistent set of records.

FIX and API connectivity with drop-copy reconciliation give desks confidence that what was sent, executed, cleared, and booked all agree, while smart order routing and pre-trade controls keep execution disciplined. As needs grow, the same platform scales to additional counterparties, asset classes, and clearing relationships without re-platforming, making ZagTrader a durable foundation for firms that trade and clear through Wedbush Securities.

• One multi-asset OMS/EMS for Wedbush and additional brokers and venues.
• FIX, API, and DMA connectivity with drop-copy reconciliation.
• Support for both execution flow and clearing or correspondent relationships.
• Smart order routing and pre-trade compliance and risk controls.
• Scales to more counterparties, asset classes, and clearing arrangements without re-platforming.