“In the competitive world of financial services, understanding options is critical to managing costs, margins, and regulatory requirements.”
The paper provides a description of fund direct mechanisms and compares them to traditional clearing services. “We want to make clear a broker-dealer's choices for managing the processing of mutual fund transactions,” said Kristefor Lysne, President, Terrapin Technologies. “This paper helps operations managers look at fund direct processing from an independent perspective and ask the right questions.”
Fund direct processing of mutual funds was a subject that generated a robust conversation at a recent roundtable sponsored by Terrapin Technologies. “We came to realize that many back office operations managers may not be aware that options besides clearing houses are available to them. This Industry Perspectives paper is the result,” said Lysne. “In the competitive world of financial services, understanding options is critical to managing costs, margins, and regulatory requirements.”
Terrapin Technologies provides hosted services that incorporate all areas of bank broker-dealer operations, including accounting, CRM, commissions, compensation, compliance, and sales reporting. Terrapin’s flagship product, Pandia, is an integrated and scalable suite of tools and services that gives bank broker-dealers the knowledge and flexibility they need to run an efficient and growing business. Terrapin Technologies is a privately held company located in Minneapolis, Minnesota. For more information, please visit http://terrapintech.com/.