Cost Optics Targets Wider Expense Management Categories Beyond Data
Vendor begins expansion of capabilities in brokerage space.
Kevin Whitmore, director of global operations at Cost Optics, says that post-trade, brokerage-related costs, such as commissions and reconciliation, can be as high as some market data costs, but that firms typically make the mistake of not looking at the two expense categories in the same way—if they even monitor these expenses at all.
“If you think of how most brokerage agreements are arranged, they are typically arranged over meetings, rather than standardized contract negotiations with
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