Wells Fargo & Company (WFC.US) follows in the footsteps of its peers to lay out options clearing, and may welcome the joining of large market makers by 2026.

With the increasing demand from customers for options clearing services, Wells Fargo & Company (WFC.US) Global Markets Division is actively laying out its strategies in this area. Wells Fargo & Company is following the lead of industry peers such as Bank of America Corp (BAC.US) and Goldman Sachs Group, Inc. (GS.US) by using its own funds to provide clearing and guarantee services for customer options trading, playing a key role in risk taking between customers and clearing houses. However, the market share it can eventually occupy remains to be seen. It is understood that this plan is still in the early stages of implementation; it is worth mentioning that as early as June of this year, Wells Fargo & Company had already lifted the regulatory burden that had previously restricted its asset size from exceeding $1.95 trillion. DJ Langis, Co-Head of Stock Business at Global Markets Division, stated in an interview that the bank had already started researching options clearing in the early stages before the asset cap is lifted in 2025. He added that Wells Fargo & Company is reshaping its securities sales and trading business to better serve market makers, and this effort has led to expansion in its team. Large market makers such as Citadel Securities and Jane Street rely on clearing brokers to handle transaction settlement processes. Reports suggest that these market makers are scheduled to begin clearing at Wells Fargo & Company in the second half of 2026.