Cage
Contents
Demystifying Cages in Finance: Understanding Their Role and Evolution
Exploring the Concept of Cages
In the realm of finance, the term "cage" refers to a specialized department within brokerage firms tasked with handling physical stock and bond certificates. Discover the historical significance of cages, their evolution, and their relevance in modern financial systems.
Understanding the Functionality of Cages
Delve into the inner workings of cages within brokerage firms, designed to securely manage clients' physical securities certificates. Explore the security measures implemented to safeguard these certificates and the transition from physical to electronic trading.
Advantages of Electronic Trading Over Physical Certificates
Uncover the benefits of electronic trading and street-name registration, which have largely replaced the need for physical securities certificates. Learn how electronic trading enhances security, expedites transactions, and enables innovative trading strategies.