
Solidus Advisors helps clients understand what they need to succeed.
We map out the path forward,
answering questions such as “should you be an introducing broker or self-clearing?”
Brokers
The US brokerage business has seen continual change for decades, starting with the immobilization and then dematerialization of securities, to the rise of discount brokerages, decimalization, Regulation FD, the Manning Order Rule and most recently, zero-commission businesses.
The zero-commission business is both an opportunity and a challenge for many brokers, especially introducing brokers, because their success is tied to scale and access to financing.
This may prompt some firms to become self-clearing, which requires more resources and responsibility.
We’ve also seen a steady rise in non-US and digital-firms joining FINRA. Some want to be self-clearing to control workflows and capture more of the transactional and financial value, while others seek introducing- broker status.
Solidus help clients navigate the complexity of establishing operations in the US, such as joining FINRA, regulations, capital and people.