In a Segmenting Clearing Industry, Brokers Left With Dwindling Options

Hintze, John
May 2008
Securities Industry News;5/12/2008, Vol. 20 Issue 19, p1
Trade Publication
This article discusses a study which examined the strengths of some of the largest clearing firms in the U.S. Conducted by Aite Group, the study described the clearing platforms' core functionality, services, ability to integrate with third-party technology providers and relative usability. It also found that the expenses associated with technology development have led clearing firms to identify broker-dealer niches to focus on.


Related Articles

  • Bankers Eye New Tech. Chilingerian, Natasha // Credit Union Times;12/7/2011, Vol. 22 Issue 46, p27 

    The article focuses on the new Aite Group LLC report, which shows 39% of community banks claimed that would like to invest in new technologies.

  • Competitors Multiply in the Clearing Industry. Hintze, John // Securities Industry News;4/24/2006, Vol. 18 Issue 16, Special section p20 

    Reports on the efforts of several financial firms to offer clearing services or expand existing ones to compete with broker-dealers in the U.S. Move of Société Générale toward the U.S. correspondent clearing market; Expansion of the clearing services offering of Merrill Lynch; Plan...

  • Study: Mobile Banking Has Untapped Potential. Londino, Jonathan // Credit Union Times;6/1/2011, Vol. 22 Issue 21, p18 

    The article reports that 1,011 banks or 62% offered mobile and nonmobile banking according to Aite Group LLC Boston-based research firm compared to 52 credit unions or 40% offered customers some type of mobile services in Boston, Massachusetts.

  • Two Regionals Set Out to Build Clearing Businesses. Hintze, John // Securities Industry News;1/15/2007, Vol. 19 Issue 2, p10 

    The article reports on the plans of Terra Nova Financial of Chicago and Scott & Stringfellow to build clearing businesses in 2007. With its merger with Rush Trade in March 2006, prompted Terra Nova to pursue its correspondent business more diligently. Scott & Stringfellow, on the other hand,...

  • Report: Solidus System Spurs Spending.  // American Banker;1/26/2007, Vol. 172 Issue 18, p9 

    The article looks at a report by Aite Group LLC, which states that Solidus Networks Inc.'s SmartShop biometric loyalty system can increase the retailer's volume of low-cost automated clearing house payments by prompting customers to spend more. SmartShop uses Solidus' Pay By Touch fingerprint...

  • Consolidation and the Clearing Merry-Go-Round. Hintze, John // Investment Dealers' Digest;5/10/2004, Vol. 70 Issue 19, p28 

    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...

  • A borrower again be? JOHNSON, HILARY // Crain's New York Business;4/8/2013, Vol. 29 Issue 14, p13 

    The article discusses how U.S. banks have resumed offering loans to small and medium-sized businesses in 2013. Figures are provided showing that small-business loan approval rates at large banks increased by 35 percent in February 2013 compared to the same period in 2012. According to the...

  • Fraud Could Arise As Mobile Matures.  // ISO & Agent Weekly;12/15/2011, Vol. 7 Issue 46, p13 

    The article presents the warning of Aite Group LLC fraud expert and senior analyst Julie Conroy on the rising cases of fraud in mobile banking and payments in the U.S.

  • Amid Growing Customer Demand, Corporate Mobile Banking Has Become a Necessity.  // CFO Innovation Asia;8/3/2015, p1 

    The article reports on the lackluster adoption of mobile banking by corporations, according to a 2015 report from Aite Group.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics