Sia Partners 2022 International Mobile Banking…
Capital markets participants transact millions of transactions that attract Brokerage, Clearing and Expense charges. Their spend is significant with some firms spending over a 1 billion USD annually.
Benchmarking Broker Rate Cards: Reduce brokerage rates to best-in-market leverage detailed benchmarks.
Calculations of BCE at the trade level to provide detailed analytics
Negotiate Fees with Brokers: Improve accountability using optimized reporting and brokerage invoicing.
Improve management of flow across brokers to improve negotiation leverage Identify and seek retroactive fee credits for broker overcharging.
Optimisation: opportunities to optimize flow and fees, dissect expense drivers of each strategy (algos, VWAP, etc.) to ensure fees are properly considered when trading.
Financial Controls and business disciplines for sustainable optimisation.
Eliminate poor controls over BCE invoice reconciliation and payments. Ensuring BCE efficiency is an ongoing and sustainable core competency within the organization.