Omnibus Partnership
The Omnibus Partnership model enables brokers to extend their services to include DODAQ products and software.
Under this model the broker registers directly with DODAQ and acts on behalf of his clients from his account, thus retaining anonymity for his clients. The broker can do this through one collective account for all his clients, or by opening individual sub accounts for each client that are all still in the broker’s name. In this way, DODAQ has a direct relationship with the broker, affording the broker complete control over his client relationships.
Brokers seeking maximum control should use the collective account which effectively is one pooled account for the broker’s clients and requires trade allocation to be completed in the broker’s own back office system. Brokers using the sub account structure will still be in control of their clients’ portfolios, but each client will have a sub account that is in the broker’s name.
The Omnibus Partnership model offers significant opportunity for brokers to access an unprecedented diamond trading market for their clients. The commercial relationship is between DODAQ and the broker which requires a level of commitment from the broker.
For more information please email: partners@dodaq.com