Open Platform: The Evolution of the Smart Broker
The complexity of the fragmented market structure is central to a required shift in thinking. Navigating a seemingly ever-changing liquidity landscape has become harder and more expensive. An increasing number of smaller and mid-tier brokers are electing to outsource execution to larger firms with all the necessary infrastructure and smart-routing capability. This creates short-term cost savings but also potential long-term risk: Disintermediation is a real threat if outsourcing brokers cannot
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