Help for broker-dealers from SGSS 30 September 2014Boston Reporter: Stephen Durham
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Societe Generale Securities Services (SGSS) is to launch a Global Broker-Dealer Services (BDS) outsourcing solution aimed at institutional brokers, mid-tier banks and broker-dealers.
The fully integrated global service includes middle-office services, back-office processing and post-trade services.
SGSS has stated that it is developing this solution in response to: “increasing market demand from independent mid-tier brokers who want to concentrate on their core business and lower their production costs”.
The solution encompasses a set of services from execution, liquidity support, middle and back office processes, to core securities processing and asset servicing.
“Mid-tier sell-side firms face a growing challenge to maintain and sustain their business,” explains Jason Nabi, head of financial institutions and brokers for the UK at SGSS.
“By outsourcing their full post-trade processes, clients become much more agile in terms of costs and set-up and can thus focus on growth and end-clients’ increasing needs.”
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