Brokerage Statement Analysis

A primary component of the financial services industry is the need for many firms to clear the trades they execute.  The buyers of securities must be matched up with the sellers of the same securities so that money can be properly transferred between parties.  Due to the complexity of the clearing process and the scalability involved, many small firms do not find it cost effective to clear their own trades.  These firms, known as introducing firms, opt to clear their proprietary and/or customer trades through larger firms, known as clearing firms.  The clearing firms benefit from economies of scale and the ability to purchase complex software that facilitate the clearing process, typically charging monthly clearance fees per trade, with, in many cases, a monthly minimum fee for clearance.

In order to capture the revenues generated and the fees incurred by the introducing firm, clearing firms provide the introducing firms with monthly statements known as brokerage statements or clearing statements.  At ACI, we specialize in understanding and reconciling the brokerage statements provided by all major clearing firms, inclusive, but not limited to, Goldman Sachs, Jefferies Clearing, Ridge Clearing, Pershing, Penson, NorthEast Securities, Bank of New York and Al Fried.  We ensure that the data provided in these brokerage statements is captured in the financial statements provided to our clients and the reports that are submitted to the regulatory bodies that govern. 

To inquire into ACI's Brokerage Statement Analysis services, contact us at info@acisecure.com.