ARTICLE

Starting a broker-dealer is often described as a licensing exercise, but for the founders actually doing it, most of the work is operational and technical. Registration and capital requirements set...

Every brokerage has a visible half and a hidden half. Clients see the trading platform; the business runs on the back office. Back office software for brokers is the operational...

For most of the industry's history, sourcing liquidity meant a broker doing the heavy lifting itself: negotiating prime relationships, building or buying aggregation technology, and managing connectivity to each source....

Ask two brokers what technology a brokerage needs and you will often get two answers that are both correct and completely different. That is because they are standing at different...