Outsourcing Data Access
Data access and retrieval of transaction information from clearing firms have become increasingly complicated because of the intense regulatory rules that have been enforced in the past decade. Due to the time constraints of running a brokerage firm and work-force limitations, accessing data and understanding firms' profitability has fallen short. The need for brokerage firms to have data readily accessible and key performance metrics calculated to improve their growth strategies has become urgent. Outsourcing data management has become of interest to the principals of brokerage firms because it helps them to decipher financial and accounting data and improve their corporate structure in a timely manner.