Introducing Brokers Ramp Up Application Spending

"The dynamic is definitely changing," says Adam Honoré, research director at Aite Group and author of the report Introducing Broker Technology Focus

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The report's findings are based on interviews of 15 senior introducing broker executives and surveys of 160 advisors affiliated with introducing brokers.

Broadridge, for one, is marketing self-clearing options to small introducing brokers, notes Honoré, and the Pershing unit of BNY Mellon launched iNautix in October 2006. Brokerage technology

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