TITLE

Consolidation and the Clearing Merry-Go-Round

AUTHOR(S)
Hintze, John
PUB. DATE
May 2004
SOURCE
Investment Dealers' Digest;5/10/2004, Vol. 70 Issue 19, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that merger activities in the correspondent clearing industry is causing brokerage firms to search for new clearers and sometimes, to convert to new systems. Decision of Kovack Securities Inc. to convert to UBS PaineWebber's Correspondent Services Corp.; Broker Dealer Financial Services Corp.'s decision to move to Legent Clearing Corp. to better support its new-product development effort.
ACCESSION #
13073477

 

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