The scope
Some firms license one system, some license most of what they hold. The slice is drawn by the company, not by us.
ONE DEAL, START TO FINISH
Rather than describe the process again, here is the shape of one
Most explanations stay abstract because every deal differs. But the shape is consistent enough to walk through, and seeing it laid out end to end answers more than another list of principles would.
Check your data
Six questions, roughly two minutes.
Six questions to first call: daysFirst call to papered: about a weekPapered to funds: Net 30 to 60
WHERE DEALS DIFFER
The four variables that actually move between transactions
The sequence is stable. These are the places where one deal genuinely differs from another.
The number
Typically $100K to $2M. Depth of history and reasoning density move it far more than volume does.
The review length
A narrow, coherent scope reviews in days. A fragmented one across several migrated systems takes longer.
The obligations work
A firm with heavy client confidentiality spends more time on where the boundary falls. Others barely any.
SPEAK WITH A MANAGING PARTNER
Start the same sequence for your own firm
Six questions, about two minutes, and a straight answer. Nothing you tell us leaves Polyshares.
Check your data