Opening up the architecture
Mounting pressure from regulatory and trade bodies for securities brokers to make structured products more transparent is leading customers to demand better choices. Shamillia Sivathambu investigates the changing face of the US retail distribution space
Open architecture is a concept that has preoccupied product providers and distributors in Europe for some time. There exists a general consensus that the European market is making strides towards achieving either full-blown open architecture (institutions selling their own and competitor's products) or, at the very least, guided architecture (institutions partially selling third-party products).
The situation is markedly different in the US, however. It is widely assumed that providers must have
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