TITLE

BPS WANTS TO LEVEL THE BROKERAGE FIELD

AUTHOR(S)
Sisk, Michael
PUB. DATE
October 2004
SOURCE
Bank Technology News;Oct2004, Vol. 17 Issue 10, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on broker payment systems (BPS). Now BPS is taking aim at the North American securities industry's 2,800 small, regional brokerage firms with an electronic funds-transfer systems geared toward moving money quickly and easily between brokers and retail clients. BPS's added-value managed product for retail brokerage firms provides a non-indemnified electronic capital transfer or an indemnified guaranteed clearing product for retail transactions. BPS's aim is to reduce the overall operating costs of managing the risk-adjusted capital base by assuming the risks of offside accounts and early settlements
ACCESSION #
14734431

 

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