Commentary

Marianne Brown
Traders Magazine Online News

The Surprising Factor Financial Firms Need to Invest in To Accelerate Growth

When it comes to people, a firm's success relies on more than just the top contributors to the bottom line, according to FIS. In its latest report, shared with Traders Magazine, the firm says it actually found firms that are prioritizing investments in digital expertise are growing nearly twice as fast as their peers.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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January 3, 2006

SIA's Soft Dollar Input

By Michael Scotti

The Security Industry Association's Institutional Committee played a key role in the SEC's recent guidance release on research and alternative commission arrangements.

"I think we had a major impact, " said Grady Thomas. He chaired the committee and is also president of the Interstate Group. But Thomas believes the SEC, which will eventually write rules for commission practices, will ease its proposed prohibitions on the use of commissions for OMSs.

"I believe they should change that because OMSs can be critical to executions," he said. He predicted that the SEC will ultimately classify commission payments for OMSs as a mixed use. However, Thomas said the SEC should ban the use of commissions to buy mass media publications.

"That's really overhead and firms should pay for those themselves," he said. The institutional committee expanded to its current 55 members after the SEC called on the SIA two years ago to provide industry expertise on research.