Broking firms revive expansion plans
Even as trading volumes on the bourses have been stagnant for the past several months, many retail stock broking firms are gradually reviving their expansion plans which had been put on hold during the stock market downturn.
SSP's UK broking division achieved a 20% growth in users on its fully outsourced managed service solution, 21 for Broking, and an 8.5% increase in revenues to £49.2m for the year ending 31 March 2009.