just now
As a part of the Finance Magnates London Summit a panel discussion “Prop Trading for Retail Brokers: A Viability or Liability?” was held.
Moderator:
Anton Sokolov – Marketing Manager at Brokeree Solutions (Moderator).
Speakers:
Tatiana Pilipenko – Regional Head of Business Development (APAC, UK, Americas) at Brokeree Solutions;
Marcus Fetherston – Chief Product Officer at PropTradeTech.
Lately, Brokeree Solutions released a new Prop Pulse solution – an account management solution for prop trading firms.
Psychology in Prop Trading
Marcus: I think at the core of this modern prop trading product it goes back to the fundamental psychology of traders. I think what this product does is it enables a lot of people who didn't have access to capital, who are great traders, to prove themselves and enter that arena of sort of a larger earning potential.
Anton: I do agree and I do like your point about the psychology of it. When we look at online courses you can get pretty much all the information you want for free, but the courses which you pay for you're much more likely to complete. And I think the same mentality of traders goes also in here.
Is there a demand from brokerages for prop trading? Or those are mostly entrepreneurs looking to go into the prop trading space directly?
Tatiana: From our (Brokeree) experience as a technology provider it would be more that emerging companies start from zero rather than retail brokerages going into that path. Now it's a phenomenon, but then we don't know where it's going to go and that's why brokerages need to think about all the risks possible…
Read the full verision of extended notes via https://brokeree.com/talks/extended-notes-prop-trading-for-retail-brokers-a-viability-or-liability/
