I think an easier way would just be to find out how much it would cost in expenses, personnel, hardware, lines, fees, etc. to have a self-clearing firm. Then divide that by the amount of volume that Bright does. This would probably give a low estimate for the amount per share that they pay. If they paid much more than this, it would just make sense for them to self clear, no?
Would anyone be able to estimate these figures?
Would anyone be able to estimate these figures?