Lagging back office pushes up costs
BOSTON & LONDON - Inefficiencies in processing corporate trades are at the root of small banks' hefty post-trade costs, according to technology vendors.
Research released by Boston-based research company Aite Group last week found FX ticket processing costs can be up to $14 per trade, compared with $0.05 for equities. This high cost is mainly due to inefficient back-office systems.
The report attributes this inefficiency to the fact that procedures and platforms are designed to handle voice
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