Product Type: Market Research Report
Published by: TowerGroup
Published: January 2008
Product Code: R301-1407Description It is virtually an annual ritual for the CEO of any broker-dealer engaged in a fully disclosed clearing relationship to turn to the COO and ask, "Can't we do this ourselves for less?" Depending on the needs of the firm, the COO's reply is usually "Maybe." It may be just that question that has led to an apparent increase in the number of firms exploring the notion of outsourcing some of their clearing and self-clearing the remainder. This TowerGroup Research Note reviews the traditional outsourced clearing models, analyzes the feasibility of the dual clearing model within the brokerage industry, and projects the future of dual clearing.
Table of Contents - Report Coverage
- Background
- Exhibit 1 Reasons for Outsourcing Back-Office Processing (2006)
- Exhibit 2 Opportunities for Hybrid Outsourcing of Broker-Dealer Back-Office Processing
- Yet Another Alternative: Dual Clearing
- Dual Clearing as a Reality?
- The Future of the Clearing Models
- Summary
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