Buckler Securities

What Buckler Securities does

Buckler Securities LLC is a privately held, SEC and FINRA registered broker-dealer founded in 2017 and headquartered in Greenwich, Connecticut, with a secondary office in Vero Beach, Florida. The firm specializes in U.S. Treasury trading and securities financing, providing repurchase agreement (repo) financing for mortgage-backed, agency, treasury, and corporate securities to institutional clients, alongside trading and investment banking services covering underwriting of public offerings and private placements. The firm only opens accounts for registered broker-dealers or institutions with at least $50 million in total assets.

The company's core technology is its membership-based access to the Fixed Income Clearing Corporation (FICC) as a netting member approved to trade and clear General Collateral Finance (GCF) repo, enabling risk-mitigated access to the most liquid collateral available across diverse counterparties. The platform was extended in April 2025 to include FINRA-approved correspondent clearing, fixed income prime brokerage, and securities lending services, with correspondent clearing targeted for a Q3 2026 commercial launch. Operational infrastructure is anchored by Bank of New York as custodial firm under a Business Continuity Plan with a four-hour recovery objective.

Buckler makes money through transaction-based fees and net interest spreads across repo financing, securities lending, prime brokerage, and correspondent clearing, as well as underwriting fees from investment banking mandates. The firm pursues a B2B enterprise sales model targeting broker-dealers, banks, hedge funds, asset managers, sovereign wealth funds, and U.S. State Funds, with revenue execution led by Managing Directors Andrew Lazar (Head of Sales) and Gregory Minard (Head of Repo Sales & Trading). Following a March 2026 $75 million capital increase, total capital stands at $330 million, supporting further balance sheet growth and platform expansion.

Name

Buckler Securities

Legal name

BUCKLER Securities LLC

Website

https://bucklerllc.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Buckler Securities LLC is an SEC and FINRA registered broker-dealer providing repo financing, securities lending, prime brokerage, correspondent clearing, and investment banking services to institutional clients in the United States.

Ownership category

akta.pro rank

Product category

Institutional Broker-Dealer Services

NAICS

Investment Banking and Securities Intermediation (52315), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Collateral & Margin Operations (CSA/UMR/IM/VM) (FSACALAE)

akta.pro secondary industries

CCP Collateral Management & Margin Services (FSAFAFAK), Securitized Products Trading Platforms (MBS/ABS/CLO) (FSAFACAK), Loan Due Diligence, Collateral Review & Reps/Warrants Management (FSALAFAL)

Keywords

• Securities financing services
• Repo trading
• Fixed income prime brokerage
• Securities lending
• Correspondent clearing

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Repurchase Agreement (Repo) Financing: Provides financing for mortgage-backed, agency, treasury and corporate securities through repo transactions, earning spread income on short and long-term liquidity solutions.
2. Securities Lending: Facilitates borrowing and lending of securities for institutional clients, helping clients enhance portfolio performance and liquidity while earning fees.
3. Prime Brokerage Services: Comprehensive prime brokerage services encompassing securities lending, custody, and financing for institutional clients, with fees earned on customized service packages.
4. Correspondent Clearing Services: Comprehensive correspondent clearing services enabling financial institutions to manage securities transactions efficiently, leveraging advanced technology and robust infrastructure.
5. Investment Banking: Trading and investment banking services with expertise in underwriting of public offerings and private placements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Buckler Securities is an SEC- and FINRA-registered broker-dealer that provides institutional clients with long- and short-term liquidity solutions through repurchase agreement (repo) financing for mortgage-backed, agency, treasury, and corporate securities. As a netting member of the Fixed Income Clearing Corporation approved to trade and clear General Collateral Finance (GCF) repo, the firm mitigates counterparty risk and sources highly liquid collateral, and it also offers trading and investment banking services including underwriting of public offerings and private placements.

Product overview

BUCKLER Securities LLC is an SEC and FINRA registered broker-dealer offering a unified platform of securities prime services. The core product portfolio consists of Securities Finance/Repo Services, Correspondent Clearing, Prime Brokerage, Securities Lending, and Trading/Investment Banking. These services are designed for institutional clients including broker-dealers, banks, hedge funds, asset managers, and sovereign wealth funds. The platform leverages Fixed Income Clearing Corporation (FICC) membership for GCF repo clearing and netting to mitigate risk and source liquid collateral.

Differentiator

Problem solved

Functional benefit

Products and services

• Securities Finance / Repo Services Provides institutional clients with access to the repurchase agreement (repo) market, offering financing for highly liquid collateral including U.S. Treasury, Agency Debenture, Agency Mortgage-Backed, and Investment Grade Corporate Securities. Used by broker-dealers, banks, hedge funds, asset managers, sovereign wealth funds, and U.S. State Funds to source liquidity and manage securities financing needs.
• Correspondent Clearing Comprehensive clearing services enabling financial institutions to efficiently manage securities transactions through advanced technology and robust infrastructure, providing seamless clearing and settlement processes for institutional counterparties. Planned for broader launch in Q3 2026 following FINRA approval.
• Prime Brokerage Suite of comprehensive solutions encompassing securities lending, custody, and financing tailored for institutional clients to bolster trading strategies and improve operational efficiency. Targets hedge funds and other institutional counterparties needing integrated prime brokerage infrastructure.
• Securities Lending Tailored securities lending solutions facilitating borrowing and lending of securities to help institutional clients enhance portfolio performance and liquidity, leveraging an extensive network for access to high-quality securities.
• Trading and Investment Banking Trading and investment banking services with expertise in underwriting of public offerings and private placements for institutional clients, complemented by sales and trading fixed-income securities OTC on agency and principal basis with broker-dealers, banks, hedge funds, asset managers, sovereign wealth funds, and U.S. State Funds.

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Bank of New York (BNY)coreOthersBank of New York serves as BUCKLER's custodial firm, backing up important records in a geographically separate area as part of the firm's Business Continuity Plan. BNY maintains backup and recovery capabilities with objective to restore operations within four hours.
• Fixed Income Clearing Corporation (FICC)coreTechnology or IntegrationBUCKLER is a netting member of the Fixed Income Clearing Corporation (FICC), approved to trade and clear General Collateral Finance (GCF) repo. This membership enables risk mitigation and access to the most liquid collateral available through diverse counterparties.

Scale indicators1 record

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Tradeweb Markets: Leading electronic fixed income trading platform including U.S. Treasury, agency, and MBS markets. Adjacent to Buckler's OTC flow — CRO Paul Joshi led TradeWeb's eSpeed integration.
• StoneX Group: Mid-tier diversified broker-dealer with global fixed income, securities financing, prime brokerage, and correspondent clearing — a scaled version of Buckler's combined product platform.
• BMO Capital Markets: Diversified institutional broker-dealer with fixed income, repo, and rates sales. Head of Sales Andrew Lazar's prior firm — broadly comparable fixed income institutional sales platform at much larger scale.
• Industrial and Commercial Bank of China (ICBC) Financial Services: U.S. broker-dealer arm of ICBC with fixed income, repo, and rates businesses — Misiano's prior institution and a large-scale reference comp for the franchise architecture.
• ING Financial Markets: European global dealer with deep fixed income financing and repo. CEO Misiano previously led ING's Global Fixed Income Financing and Repo franchise — large-scale reference competitor.
• Pershing (BNY): Largest U.S. correspondent clearing provider. Buckler's Q3 2026 correspondent clearing launch directly competes with Pershing for introducing broker-dealer relationships.

Direct peers

• Wedbush Securities: Privately held mid-size broker-dealer offering fixed income, prime brokerage, correspondent clearing, and equity capital markets — directly comparable combined services and target clientele.
• Mirae Asset Securities (USA): U.S. broker-dealer arm of Mirae Asset with fixed income, repo, and prime brokerage — Misiano's and Minard's previous firm; the most direct comparable in inherited client franchise and product mix.
• KopenTech Capital Markets: Small U.S. broker-dealer specializing in fixed income and repo, with overlapping product mix and similar institutional client base. Head of Repo Trading Gregory Minard's previous firm — directly comparable in scale and product positioning.
• Hilltop Securities: Mid-size U.S. broker-dealer providing fixed income, repo, clearing, and public finance services. CCO Carlo Esannason's prior firm — closely comparable multi-service institutional broker-dealer model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/buckler-securities-llc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Buckler Securities