US
Broker Dealers, Introducing
Brokers and Non-US
Brokers
Requirements
Introducing Brokers - Series 7, 63
Branch Offices - Series 7, 63, 24
OSJ's - Series 7, 63, 24, 55, 4Methodology
SpeedTrader.com's implementation methodology is the road map that
defines success throughout the life of a project. Our proven process has been
engineered and refined by constantly improving our procedures. By utilizing a
holistic approach, SpeedTrader.com has created a methodology, which
incorporates a multi-phase process strategy providing a strategic framework
that is flexible and systematic. It is a living process designed to deliver
back office, compliance, risk management solutions while continuously reacting
to shifts in business and technology environments.
Three Tiers
Supporting these processes is the Correspondent Support Structure, which
consists of SpeedTrader.com 's Back Office Team, Branch Liaison
Management, and Trader Support.
Each team is specialized in providing superior service and attention to both
correspondents and their traders.
The Back Office
Support Team, which maintains the highest levels of service and reliability
providing services such as account administration and operational support. The
Back Office Support Team operates under strict operational procedures that
ensure that compliance and regulatory issues are adhered to.
Business Models
SpeedTrader.com
's process begins with an analysis of the market environment that you are
targeting for penetration. Upon review and discussion of which business model
you may choose, we will then construct the internal framework to facilitate
the process of bringing your business to market. The first concern is the
market in which you wish to transact business, we have the ability as the only
direct access firm licensed in all 18 European countries to transact business
both in the United States and Europe. Once your location is chosen we have
three distinct business models to select from consisting of an Online Trading
Model, Physical Daytrading Center, and the Remote Day Trading Center.
Level I
The first Model is the Online Trading Model which would provide your
traders with Level I access to the markets. This level of trading will
enable your clients to transact business in the traditional retail brokerage
model. The Online Model is a browser-based technology that your clients can
access from anywhere in the world.
Level II -
Day Trading Center
Our second offering is the Physical Day Trading Branch which is a brick
and mortar based business where traders can access the markets in an
environment that cultivates interaction among traders which can lead to
increased business. Accessing the markets at the Level II, involves you
client trading at a level that levels the market eliminating order flow and
enabling traders to access the market directly. The Physical Day Trading
Center Model requires proprietary software which is located on your trader's
computers and a direct connection to the markets provided by the Day Trading
Center network infrastructure.
Level II -
Remote Trading Center
The third offering concerns our Remote Trading Center business model
which allows traders to access the markets remotely at Level II. The
business model involves the construction of a web site which will serve
several purposes. First and most importantly it will serve as your primary
marketing tool and secondly as an information resource for your traders. On
this site your traders will have a password protected Trader Resources
section that will provide them with privately branded content maintaining
the look and feel of your web site but maintained by SpeedTrader.com .
The Remote Day Trading Center requires the same proprietary software located
on your traders computers, but requires your traders to establish a
connection to the SpeedTrader.com Trading Network.
Implementation Model
We begin this process with the Technology Planning Meeting (TPM) which
signifies the exploration phase of our process which will detail actionable
items for all to follow. Many of these action-items will be processed and
completed in parallel with eachother. This meeting is facilitated by our
Strategic Technology Group as well as the Branch Liaison Manager. The phase
will concern the following: Network Design, Hardware Specification, Software
Specifications, Bandwidth Specifications, Provisioning, Data-feeds, and
Preparation for final integration with the SpeedTrader.com network.
SpeedTrader.com will ensure that you will you are in business for
yourself but not by yourself. Guidelines and general parameters will be
provided to guide you through the initial business implementation process.
This means that the client will be responsible for the following during the
initial phase of operations: Real Estate Negotiations, Leases, Office
Furnishings, Legal Fees, Sourcing of Telecommunications, Network
Infrastructure and Software. Additionally, the Client will be responsible for
the set-up and configuration of the Network Infrastructure
Branch Induction
Following the Licensing and Administrative process, Client's are required to
attend SpeedTrader.com 's Branch Induction Meeting which will
familiarize them with SpeedTrader.com personnel. This meeting is
intended for education and outstanding issue resolution. The process is
designed to familiarize the Client with our firm as well as provide them with
the necessary knowledge to operate their trading center. Additionally,
operational and compliance procedures will be detailed enabling the Client to
transact their businesses within the SpeedTrader.com framework.
Tactical Deployment
Once mission critical requirements have been completed the tactical deployment
of the hardware or software can be facilitated. This process will involve a
member of our Strategic Technology Group visiting your location and
configuring your trading platform and network. After stress testing and the
final quality assurance process, your system will be ready for business and
execution.
Final Launch
During the final launch phase of your business, SpeedTrader.com will
assist you in the review of all marketing campaigns and collateral materials.
Our Branch Liaison Manager will provide invaluable insight and suggestions
that will complement your marketing efforts. Finally, SpeedTrader.com
will ship to you the documents that will be required for making all of the
appropriate disclosures and opening accounts.
