MMG Partners has worked with over four firms on reducing clearing costs. This involves
outsourcing the back office to corresponding clearers. This has saved typically 40% or
more. The firm has also been involved in working with firms to redesign their front/back
office user functionality. We have been involved in doing screen shots, writing business
cases, as well as detailed use cases. The firm has a strength in this area especially given
we have benchmark information on correspondent clearing costs.|
Select clients in this area include PNC Brokerage, AMEX Brokerage, WAMU, and PacLife.