Archive for December 2012

Typical software structure of a Broker-Dealer

Every broker dealer has three departments: Front-Office Middle-Office Back-Office Sometimes, middle-office and back-office are merged into the single department where the functions of middle-office are split between front-office and back-office.

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Who is a broker-dealer?

Most of people who use “broker-dealer” term have little understanding what does it mean and what is involved to become a broker-dealer. Broker-dealer must hold a license and to do that he must complete 28-pages uniform application for broker-dealer registration. This application asks certain questions like: Who are principals? Who will be CEO and CFO?…

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