The FCA launched a market study on the trading platforms
The FCA launched a market study on the trading platforms retail
The Financial Conduct Authority (FCA) has made an official announcement regarding its intention to organize a study of market on the trading platforms in order to identify what trading environment offers traders the best conditions.
According to the FCA, trading platforms link traders to the global market, which allows them to gain access to the assets and management of investments. The market of the platforms has increased over the past eight years, follow-up of the assets managed, which increased from $ 108 billion in 2008 to 500 billion pounds in 2016.
These platforms provide customers and managers with data and tools in order to make investments more enlightened. The FCA’s objective is to examine the effectiveness of this as a way to help the traders and to optimize the resources. The FCA also intends to assess the competition between different platforms and brokers to determine the best trading conditions.
The regulatory authority british takes more account of the manner in which certain criteria to improve the experiences of the traders. The criteria include trading products available, the data about them, the interaction cross-platform, asset managers, financial advisors and providers of rating funds.
This study follows a report on the asset management released last month that highlights several issues of competition possible among the platforms.
Christopher Woolard, the executive director of “Strategy and Competition” of the FCA, said that the interest of this study is to determine whether the existence of competition between the platforms is in the interest of its customers : “The platforms can generate significant benefits for consumers, and we want to check whether consumers receive these benefits in practice “.
Comments must be submitted before 8 September 2017 and the publication of the interim report is planned for the summer of 2018.
