The opportunities and challenges online brokers now face.
Blockbuster stock market events and Volatility have piqued the interest of millions around the world and have greatly increased the appetite for trading and investing. For online brokers, the explosion of interest is both an opportunity to capture a growing number of investors but also presents a challenge to differentiate from other brokers in a rapidly evolving market.
There is a growing contingent of investors who are now more likely to buy and hold in order to reap longer-term rewards. This growing demand from people who would previously have used traditional brokers or fund
managers is forcing electronic brokerages to adapt and expand their offering by bolting on new asset classes.
The stock market boom has driven demand for cash products, such as cash equities, ETFs and bonds. There is now a race among the many brokers that have traditionally offered FX and CFDs, to diversify by increasing the range of assets available to clients looking to either capitalise on the stock market or invest in bonds as interest rates look set to creep up.
Simplifying Market Access for Cash Products
Rapid market access for cash products would have been difficult for these players to capitalise on historically. Trading cash products such as equities is more complex than trading FX or CFDs, creating new administrative challenges in having to deal with issues such as client ownership of assets, rights issues and dividends – issues that many brokerages will not have had to deal with before.
Now, sophisticated infrastructure and technology have made easy market access possible, allowing brokers to quickly and seamlessly plug in new functionality and asset classes. Third-party experts are at brokerage’s fingertips and able to deal with the intricacies of adding cash products to their offering, ensuring that they are equipped to deal with everything from corporate actions or taxation as these issues are critical. As one of the very few prime-of-prime brokers offering cash product connectivity, we have seen this trend first-hand with a significant uptick in brokers wanting the technology, Liquidity and know-how to plug in new market access as a result of new client demand.
Adding new market access is not a blunt instrument – rather than having to build out an entirely new asset class themselves, connectivity can be added at speed, and focus on market events and liquidity tailored to specific client demand. This is made possible by APIs that allow for much greater flexibility and for firms to capitalise on touted market events such as hot new IPOs. Take Wise’s recent and highly anticipated IPO, which became London’s biggest ever tech listing, as an example, ahead of the float, many broker clients wanted to access this potentially lucrative opportunity. Brokerages can now plug in tailored functionality overnight to rapidly meet client demand and give clients access to a float by requesting and plugging in very specific market access. This helps them stay ahead by quickly tapping into market events that will seize the market’s imagination to plan their connectivity, stay agile and capture demand.
Building for the Long Term
For electronic brokerages, adding cash products is more than adding short term market access to the flavour of the month. Diversifying has longer-term benefits, such as building a brokerage’s assets under management, allowing them to cross-sell other services and asset classes to new investors and ultimately building longer-term client relationships.
Peter Plester, Head of FX Prime Brokerage, Saxo Bank
Blockbuster stock market events and Volatility have piqued the interest of millions around the world and have greatly increased the appetite for trading and investing. For online brokers, the explosion of interest is both an opportunity to capture a growing number of investors but also presents a challenge to differentiate from other brokers in a rapidly evolving market.
There is a growing contingent of investors who are now more likely to buy and hold in order to reap longer-term rewards. This growing demand from people who would previously have used traditional brokers or fund
managers is forcing electronic brokerages to adapt and expand their offering by bolting on new asset classes.
The stock market boom has driven demand for cash products, such as cash equities, ETFs and bonds. There is now a race among the many brokers that have traditionally offered FX and CFDs, to diversify by increasing the range of assets available to clients looking to either capitalise on the stock market or invest in bonds as interest rates look set to creep up.
Simplifying Market Access for Cash Products
Rapid market access for cash products would have been difficult for these players to capitalise on historically. Trading cash products such as equities is more complex than trading FX or CFDs, creating new administrative challenges in having to deal with issues such as client ownership of assets, rights issues and dividends – issues that many brokerages will not have had to deal with before.
Now, sophisticated infrastructure and technology have made easy market access possible, allowing brokers to quickly and seamlessly plug in new functionality and asset classes. Third-party experts are at brokerage’s fingertips and able to deal with the intricacies of adding cash products to their offering, ensuring that they are equipped to deal with everything from corporate actions or taxation as these issues are critical. As one of the very few prime-of-prime brokers offering cash product connectivity, we have seen this trend first-hand with a significant uptick in brokers wanting the technology, Liquidity and know-how to plug in new market access as a result of new client demand.
Adding new market access is not a blunt instrument – rather than having to build out an entirely new asset class themselves, connectivity can be added at speed, and focus on market events and liquidity tailored to specific client demand. This is made possible by APIs that allow for much greater flexibility and for firms to capitalise on touted market events such as hot new IPOs. Take Wise’s recent and highly anticipated IPO, which became London’s biggest ever tech listing, as an example, ahead of the float, many broker clients wanted to access this potentially lucrative opportunity. Brokerages can now plug in tailored functionality overnight to rapidly meet client demand and give clients access to a float by requesting and plugging in very specific market access. This helps them stay ahead by quickly tapping into market events that will seize the market’s imagination to plan their connectivity, stay agile and capture demand.
Building for the Long Term
For electronic brokerages, adding cash products is more than adding short term market access to the flavour of the month. Diversifying has longer-term benefits, such as building a brokerage’s assets under management, allowing them to cross-sell other services and asset classes to new investors and ultimately building longer-term client relationships.
Peter Plester, Head of FX Prime Brokerage, Saxo Bank
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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