👀 Check out the new OCC Clearing Member: Embed Clearing LLC. GameStop may have a set of partnerships connecting them to the stock markets now

CategoriesGamestop., GME

Thanks to u/whatcanImaketoday for posting!

OCC Member Directory was recently updated (Sept 20, 2022) to list a new Clearing Member, Embed Clearing LLC (https://embed.com/), authorized for Equity Options & Index Options.

Apologies I don’t have a lot of time at the moment so I could only do a quick search. It looks like Embed Clearing may be affiliated with FTX:

CHICAGO, June 21, 2022 /PRNewswire/ — West Realm Shires Inc. (“FTX US” or “the Company”) today announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC (“Embed”), a new FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm.

FTX US Acquires Clearing Firm Embed to Enhance FTX Stocks (PR NewsWire)

West Realm Shires appears to be Doing Business As (DBA) FTX US. (Intelligence360.news):

WEST REALM SHIRES SERVICES DBA FTX US TO SPEND $1,200,000.00 TO EXPAND INTO NEW SPACE IN CHICAGO ILLINOIS
Chicago, Illinois — According to state and local economic development sources West Realm Shires Services dba FTX US plans to invest $1,200,000.00 to build out new space in Chicago. The company plans to occupy the new space at 167 N Green St in Chicago, on or about August 1, 2022.

Also, this public PDF says:

r/Superstonk - 👀 Check out the new OCC Clearing Member: Embed Clearing LLC. GameStop may have a set of partnerships connecting them to the stock markets now

So I’m thinking this is very likely the same FTX that GameStop is partnered with:

GRAPEVINE, Texas–(BUSINESS WIRE)–Sep. 7, 2022– GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into a partnership with FTX US (“FTX”). The partnership is intended to introduce more GameStop customers to FTX’s community and its marketplaces for digital assets. In addition to collaborating with FTX on new ecommerce and online marketing initiatives, GameStop will begin carrying FTX gift cards in select stores.

During the term of the partnership, GameStop will be FTX’s preferred retail partner in the United States.

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GameStop partnered with West Realm Shires / FTX US who owns Embed Clearing a new FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm that is also now an OCC member clearing firm.

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