SumRidge Partners, LLC Announces Selection as an Eligible Seller to the New York Fed's Secondary Market Corporate Credit Facility (SMCCF)
SumRidge Partners, LLC, (SumRidge) a top-ranked electronic fixed income market maker, was designated by the Federal Reserve Bank of New York as an Eligible Seller to support the Secondary Market Corporate Credit Facility (SMCCF).
As an Eligible Seller in the Fed's SMCCF program, SumRidge Partners was selected for their ability to play a role in the Fed's effort to support market liquidity and ensure the strength of fixed-income markets. Tom O'Brien, CEO and President states "We appreciate the New York Fed choosing us to be an eligible seller for the program and elieve leveraging our dynamic trading platform will help support the SMCCF program."
About SumRidge Partners, LLC
SumRidge Partners LLC is a top ranked principal based fixed income market maker, specializing in high yield and investment grade corporate bonds, municipal bonds, institutional preferred securities and emerging market bonds. SumRidge Partners was formed in 2010 following the aftermath of the financial crisis and subsequent liquidity shortfall that occurred within fixed income trading; operating as a premier, electronic based fixed income market maker. SumRidge uses its own balance sheet to facilitate flow trading, ensuring instantaneous execution for our diverse client base. SumRidge currently ranks among the top liquidity providers on most major electronic bond exchanges, leveraging the firm's technological strengths and an experienced sales and trading team.
For more information about SumRidge, visit www.sumridge.com.