
By Pete McAteer
By Pete McAteer
Constantly changing market factors, evolving regulations, and advancements in technology have resulted in competitive challenges that are causing forward-thinking firms to determine the appropriate process, technology, financial and strategic investments to stay ahead or even just keep up. In a rapidly changing environment, the analysis to decide if it’s best to invest in your current platform or consider a different path should not be ignored or pushed too far into the future. One of the most meaningful relationships any introducing broker-dealer has is with its clearing provider.
Selecting a clearing firm goes beyond just looking at today’s business challenges to see what kind of expenses can be slashed or up-front check is available. Assessing your firm’s strategic plan and financials is the first step when considering whether to stay with your current clearing arrangement or seek a new partner. Once you determine where you want your firm to be in the next five, ten or fifteen years, other more tactical questions should be asked and answered:
Whether you are considering a change from self-clearing to fully-disclosed (or vice-versa), exploring your clearing options or just starting a broker-dealer, the assessment of your firm’s current state, setting your growth objectives and ensuring alignment are critical to your long-term success. Identifying gaps, and examining priorities and requirements enable a more objective analysis of potential clearing partners. Oyster’s competitive intelligence, benchmarking, unbiased recommendations and best practices will help your firm make the best decision.
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