Behind the scenes at most bank brokerages, far removed from the investment kiosks out front, lie the back-room clearing operations that are the guts of any investment sales effort.

Not as glitzy as the point of sale, the clearing firms make sure that sales and trades of investments are executed and recorded. The work is labor intensive and driven by technology, and is often farmed-out to specialized firms.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.