problems/ issues faced by broking firms due to the volatile nature of the market.

Friends I m doing a project on problems/ issues faced by broking firms due to the volatile nature of the market.



I want your views about:

What are the problems they are they facing
How should they add value to customers
What additional services they shuold give to their customers
How they ned to reposion their business
What and how should they build up the competencies
What type of training should they impart to their people
Or in broader terms what should they do to survive



Friends please post in your opinion. And it would be great if you can also tell me your name, designation and companies name.



Great researches are the result of corporation of many so please!!!





Thanks

Arti G.

Good to know you are doing a real life project... but sseems imaginery, as usually brokers don't face any problems, they are happy-cheerful people.... So your research will be difficult.

Also, I guess we dont have many brokers in the forum...still try your luck.

In volatile markets .. problems are faced by traders, not brokers... brokers just give slippage/no-fill to the traders..

brokerage firms should support the 'day traders' most.

1) Day traders generates multiplied volumes ...thus multiplied income for brokers.
2) With 'stop loss' in place its always low risk game.

*********

besides low brokerage rates they should be provided :

1] Fast & light trading platform.

2] Real time data feed for analysis softwares. Charting provided by all of the brokers is just childish. if you cant provide pro solution then make your trading platform such a way that they can feed data to pro softs.

3] Mechanical trading is future of the business Although not yet introduced & permitted in india, look at the experience in developed contries.
It should be concidered seriously that the trading platforms should be made such a way that user can easily write their own scripts for mechanical trading. (I mean unofficial doors opened for mechanical trading in trading platforms.)

4] Robust servers.

5] Prompt 'on phone' order placement in case of connectivity problems. (My existing broker have good one)

Omkar

1. margin adjustment
2. risk management
3. undercapitalization
4. Difficulty in raising funds from bank in current scenario
5. poor technology implementation
6. poor service standards

Could you please expand on these points