Starting a new brokerage can be compared to building a house. There are aspects of each of these endeavors that are inherently designed to be flexible; for example the color of the house, which is akin to the broker’s website and marketing, is designed to be easily changed over time. On the other hand, there are decisions made early on in each process that can drastically dictate flexibility and expansion for years to come. I would call these aspects, to stick to my analogy, the ‘foundation’ components of a brokerage operation. Though possible to change down the road, it can be highly disruptive and costly to do so and thus having a good idea of where you want to take your business in the future is essential in the early stages. You do not want to build a mansion on a foundation of cardboard.
Establishing a good foundation for your brokerage is best done by identifying which parts of your brokerage are most likely to change in the future. How will your client base evolve over time, and what mechanisms to interact with your brokerage operation will they require? How will you manage client execution as your volumes and demand for more complex liquidity environments increase? How will you react to potential regulatory changes? Along the path of growing a brokerage from start-up to global leader, the answers to these questions will inevitably change over time. The important decisions are those that avoid re-building your entire business each time the market dictates a change.
Read More “How to build a scalable and successful Forex brokerage”
Match-Trade is making strides to be a frontrunner in providing advanced products and technologies related to Cryptocurrency Market. Match-Trade has launched its first crypto offering in May 2017, and since then has added new features and components to meet the growing demand for its clients.
After launching our first crypto offer in May 2017, we received several requests from brokers, who were looking to add Cryptocurrencies to their trading products.We were delighted to provide advanced crypto solutions to our clients. As we are receiving valuable feedback from our clients, we are consistently enhancing our Crypto solutions to satisfy and exceed the ever-changing world of Cryptocurrencies.Read More “Match-Trade Continues its Expansion in the Cryptocurrency Market”