![]() Typically, three dimensions are measured: quality, time, and cost. ![]() It may be used to conduct internal research on your firm or compare it to other businesses to enhance business processes and performance indicators following best practices. For example, when a stock trade order is executed, a transaction fee is paid by an investor to repay the brokerage firm for its efforts in completing the transaction.īenchmarking is a technique for evaluating performance and gaining insights via data analytics. Accordingly, brokerage firms are compensated through commission once a transaction is completed. A brokerage firm's primary responsibility is to serve as a middleman, connecting buyers and sellers to complete transactions.
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