SGSS Partners With Accenture For Broker-Dealer Outsourcing Services

Societe Generale Securities Services (SGSS) has launched a new broker-dealer outsourcing solution aimed at institutional brokers, mid-tier banks and broker-dealers.

The fully integrated global service includes middle-office services, back-office processing and post-trade services. SGSS is teaming up with service partner Accenture Post-Trade Processing (APTP), to provide the platform and to contribute to SGSS’ scale and functionality.

SGSS says it is developing this solution in response to increasing market demand from independent mid-tier brokers who want to concentrate on their core business and lower their production costs.

The solution includes services from execution, liquidity support, middle and back-office processes, to core securities processing and asset servicing.

The solution is intended to remove fixed costs and reduce expenses associated with back-office and post-trade activities by having access to a scaleable and global set-up shared by other like-users, SGSS adds.

“Mid-tier sell-side firms face a growing challenge to maintain and sustain their business,” explains Jason Nabi, head of Financial Institutions & Brokers for the UK at Societe Generale Securities Services. “By outsourcing their full post-trade processes, clients become much more agile in terms of costs and set-up and can thus focus on growth and end-clients’ increasing needs.”