Cogent sells stake to brokers

Via its purchase of a large stake in Cogent, a group of big-name broker-dealers are aiming to set forth an industry standard when it comes to commission sharing agreements. Cogent's online application enables broker-dealers and money managers to manage commission sharing agreements and client commission arrangements across multiple asset classes. One goal is to reduce counterparty risk associated with holding commissions balances at a broker, suggests Advanced Trading. Article