https://finance.yahoo.com/news/intl-fcstone-acquires-outsourced-trading-120000993.html INTL FCStone Inc. (INTL) today announced that it has executed a sale and purchase agreement to acquire outsourced trading firm Fillmore Advisors. This news follows-on from the announcement that INTL launched a Prime Brokerage division in April of this year – with Fillmore Advisors now becoming an extension of that offering. This transaction, which is subject to regulatory approval, is effective on closing.
"Outsourced trading is a rapidly growing segment of prime brokerage services" What exactly is being outsourced? Clearing?
They have a sales desk for trading. That is what gets outsourced. It is common for some larger institutions to use a trading desk.
So "outsourced" meaning "Trading Desk As A Service" kind of set up? I would assume that the people must be licenced so must be US citizens. So not the same as outsourcing tech.