Top Correspondent Clearers Taking On the Vendors

Hintze, John
March 2008
Securities Industry News;3/10/2008, Vol. 20 Issue 10, p1
Trade Publication
The article deals with the move of several correspondent clearers in the U.S. securities trading industry to expand their technology services in order to become a consulting and technology source for non-clearing customers. Examples of clearers which launched initiatives to expand their technology services include Pershing and the National Financial unit of Fidelity Investments. It relates the solutions offered by Pershing to Transamerica Financial Advisors. It describes the advantage of clearers in the financial services technology sector.


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