Clearing Companies
Recently, a few friends and I were talking about stock clearing companies. Just out of curiosity and to help give me a better grasp of things, does anybody have any insight into about how much it would cost to set up a clearing company to clear stock of NYSE, NASQ, AMEX, etc.
You mean to be a broker dealer? Forget it. That you have to ask means it's probably not within reach. You'd need an enormous capital base.
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