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Serving the Securities Industry
Our NBCN team is the Canadian leader in third-party clearing and brokerage services.
Consolidation and deregulation in the financial industry and changing technologies have all contributed to the growth in the market for providing trading, operations, administrative and research services to brokerage firms, investment managers, trading firms and other financial institutions. More than 60 associated organizations, staffed by some 3,000 financial consultants, trade through NBCN, making it the leading supplier of brokerage and clearing services to the Canadian financial community. The volume of securities traded by external correspondents exceeds $35 billion.
A Unique Structure
The breadth of correspondent services offered by NBCN makes it unique in Canada. Besides providing cost-effective and high-quality execution, NBCN also provides accounting services, office support services and research products, all of which assist both entrepreneurs and established companies in building and operating their investment businesses. National Bank Financial’s fixed-income products and services are specially designed to meet the needs of the individual investor, while retaining good income-earning potential for third parties.
Integrated Service
Whether in Canada or abroad, the increasingly competitive demands placed on the financial industry in the area of client services dictate ever greater investments in technology, product innovation and personnel training. Given the high cost of these investments, eliminating or avoiding duplication of such expenses in integrated firms, such as the National Bank of Canada group of companies, is of paramount importance. In addition to meeting the needs of third parties, NBCN serves all National Bank subsidiaries, including National Bank Financial. NBCN seeks both to enhance the services and lower the costs of transaction processing and securities safekeeping, to the ultimate benefit of the end client.
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