In the beginning, organizations tried to perform all tasks themselves, even those that were not prepared or had no trained personnel.
But, over time the provision of outsourced services, even remotely, was gaining space, due to its advantages. Today, it is a sector with great growth potential. Currently, this market is above 240,000 million USD, according to some sources.
Thus, different companies have been leaving part of the processes in the hands of experts, even in the finance and trading sector. Below we will see what are the benefits of outsourcing your brokerage company with LFXS.
The term outsourcing is used in the organizational field to refer to the subcontracting practice carried out by one company, which establishes an agreement with another to provide them with a service.
Although outsourcing can also have to do with people, in the sense that they work for the company, without being properly part of the staff, earning only fees for services, without other benefits.
Now, the reasons for carrying out this practice are diverse; among them are mentioned:
Outsourcing is a very carried out practice nowadays, due to the advantages it provides. In this regard, the following should be highlighted:
However, in some cases, it may mean a precariousness of the working conditions of those who work under this modality, who do not enjoy the same benefits as regular employees.
Although, this does not happen when it comes to high-level professionals (consultants, lawyers, accountants, computer experts), who earn high fees for their specialized services.
And in the same way, such situations do not occur in business-to-business outsourcing, since it is an equal relationship, where one provides services and receives payment for them.
In the case of brokerage companies, there is also the option of outsourcing, to achieve greater efficiency when operating. And it is that even in trading you can enjoy its benefits, as well as others. Let’s see.
It is important to know that markets such as foreign exchange have regulations in some countries; this forces the intermediaries to comply with a series of protocols, to stay within the legality. A local broker, with better knowledge and management of these protocols, can assist in operations, avoiding potential penalties.
The volatility of the markets
Similarly, local brokers also know the movements of the markets better, as well as the reactions that can commonly be generated in the face of economic announcements. Thus, by establishing alliances with them, you can take advantage of such experience, identifying potential opportunities and even threats, by handling first-hand information.
Language and market characteristics
Those who are going to expand to other territories may encounter various kinds of barriers. In addition to the aforementioned legal issues, there is a lack of knowledge of the characteristics of the market and the language. However, this could be remedied with the support of a local third party who is good with both variables.
You can enjoy these and other benefits by outsourcing your brokerage company with LFXS (Latam Forex Solutions), business management experts, who provide services, in connection with:
In this regard, LFXS has business plans for brokers who wish to start operations in Latin America, with work proposals that will help streamline the expansion process of their company
So, investment risks can be minimized by having an ally who knows the market of the region, manages the language as well as the legal processes, and has the human resource and a technological platform to match.
For all this, there are already more than a hundred companies that have decided to expand their projects to Latin America and that rely on LFXS, as their trusted partner.