The operational, client acquisition, marketing, technology, risk management and trading infrastructure support costs are a major consideration for most brokerages these days. We look closely at the viability of operating a completely automated retail FX brokerage, weighing up the potential cost saving and efficiency against the loss of relationships from a direct and B2B perspective
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With just two retail FX brokerages in the United States, and a high quality domestic client base with very little option outside the futures sector, now is the time to establish. Is it worth the $25 million start up cost, and if so, would you establish in the Land of the Free?
“We wanted to reduce the bureaucracy associated with multiple price feeds for FX and CFDs. As we have all been stalwarts in this sphere for a long time, we know that we are providing what the industry is looking for based upon the feedback from many of our long term associates.” – Paul Orford, Head of Institutional Sales, AMB Prime
In less than a year, ADS Securities London operations has experienced an outflow of senior executives, the latest being BNP Paribas and Morgan Stanley Prime Brokerage relationship specialist Louisa Kwok. We look at the credentials of the alumni
Banks reluctant to give brokers client fund accounts, we look at a possible solution – FinanceFeeds research
We look at the potential solution to the current difficulties associated with establishing bank accounts for operating capital and client money that brokerages are currently experiencing
“Institutional clients, and their retail clients in the case of retail brokers, can end up with a far better deal if they can access liquidity directly from their prime of prime but still have the ability to take whichever direct price feed they prefer” – James Watson, CEO, ADS Securities, London.
Another example of an attempt to engage traders bites the dust. We cannot stress enough: Traders are becoming more and more self-determined these days. Gimmicks and baubles, they do not want