TRADING & BROKERAGE
The future of trading and brokerage Wael Salem, CEO of Tradescoio, share with Banker Middle East, how the trading and brokerage business is changing
F
rom your point of view, what are the current trends in trading and brokerage?
The current trends in trading and brokerage are focused on automation using digital technology that will make transactions easy, transparent, accessible anywhere and cost-effective. Increasingly, there is a demand from retail bank account holders for brokerage and wealth management tools to be accessible for all levels of investors. It will no longer be a service available only for high net worth individuals and it should be available to retail investors. Thus, the barrier to entry is lowered and more low-mid income investors will enter the market. Accordingly, brokerages must be able to understand the investors needs and preferences and based on that insight, brokers can provide an appropriate product or service for their customers. Transactions will become easier with the use of mobile and digital solutions that allow investors to have access to capital markets and a full view and report on net asset value in real time. Aside from real time updates and comprehensive reports, wealth management tools must have fee transparency to eliminate client’s doubts on the issue of hidden charges.
“THE CURRENT TRENDS IN TRADING AND BROKERAGE ARE FOCUSED ON AUTOMATION USING DIGITAL TECHNOLOGY THAT WILL MAKE TRANSACTIONS EASY, TRANSPARENT, ACCESSIBLE ANYWHERE AND COST-EFFECTIVE.” — Wael Salem
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BANKER MIDDLE EAST | APRIL 2020 | ISSUE 229
