Building a business case for cross-border trading

Abstract

When a firm is making the decision to do cross-border trading, there are many high-level considerations to take into account. The firm needs to consider the clearance and settlement aspect of the brokerage business, as well as the revenue and cost aspects of the business decision. Another critical consideration is the need for the right types of human resources and to the significance of obtaining outside consultants to aid a firm in this process. It is also important to be aware of the possible pitfalls in the process and how to avoid them. Above all, when making the decision to move to cross-border training, a firm needs to stay focused on its goals.