Full Text

Avalon Partners is moving to U.S. Clearing, because its former clearer, Legg Mason Wood Walker, is getting out of the broker/dealer market, said Vincent Au, ceo of New York-based Avalon.

Avalon Partners is moving to U.S. Clearing, because its former clearer, Legg Mason Wood Walker, is getting out of the broker/dealer market, said Vincent Au, ceo of New York-based Avalon. Avalon decided it was better to move sooner rather than later, even though Legg Mason said it planned...