{"id":5077,"date":"2021-12-01T15:10:00","date_gmt":"2021-12-01T15:10:00","guid":{"rendered":"https:\/\/devexperts.com\/blog\/?p=5077"},"modified":"2024-11-19T08:28:51","modified_gmt":"2024-11-19T08:28:51","slug":"jon-light-talks-the-latest-in-cfds-technology-at-fmls","status":"publish","type":"post","link":"https:\/\/devexperts.com\/blog\/jon-light-talks-the-latest-in-cfds-technology-at-fmls\/","title":{"rendered":"Jon Light Talks The Latest in CFDs Technology at FMLS"},"content":{"rendered":"\n

Jon Light, Devexperts VP of Trading Solutions, took part in the “Cutting Edge: The Latest in CFDs Technology” panel discussion at Finance Magnates London Summit 2021 and gave his perspective on the latest innovations in the retail brokerage industry, how brokers can use collected data, technology cost trends and more.<\/em><\/p>\n\n\n\n

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What are the biggest innovations that happened in 2020 and 2021?<\/strong><\/p>\n\n\n\n

Over the past two years, the number of beginner retail traders without any experience in capital markets has grown tremendously. With that, many brokers are demanding things like built-in educational tool tips and videos. We have a broker who built pure process flow, taking a retail client through the charts and order tickets to demonstrate that process. Many brokers also want to have simplified platforms. Certainly, with crypto platforms, people want to log in, buy, and sell. So, many of our brokers have split the platform into a professional-looking view and a simplified one.<\/p>\n\n\n\n

Also, over the past years, more and more brokers have become multi-asset, and integrations have become the new space race. It\u2019s vital to be able to integrate quickly, especially with crypto. You might be a broker that\u2019s set up the top 10 cryptocurrencies you expect your clients to trade, but it just takes Elon Musk to tweet overnight, and the next morning your clients are demanding an old currency you didn\u2019t have. Depending on your setup, you might need to integrate a new custodian wallet or liquidity provider. If you don\u2019t do that quickly, your clients will go elsewhere to trade that crypto.<\/p>\n\n\n\n

I first recognized a real change in the type of trader signing up while at a family barbecue. My older relatives asked me what platforms to use and when and how to buy crypto. It\u2019s not something I\u2019d have expected two or three years ago.<\/p>\n\n\n\n

How do brokers utilize the data? Are they effectively utilizing it? Are there better ways to do that?<\/strong><\/p>\n\n\n\n

Collecting data is expensive, and the data\u2019s useless if you don\u2019t have anything to do with it. Surely, you can use the data for obvious things, such as transaction-cost analysis. If you\u2019re a broker with multiple liquidity providers, you want to analyze the reject ratios, fills, and latency. Then, you\u2019ll compare that to the trading cost with a particular liquidity provider. <\/p>\n\n\n\n

We\u2019ve been working with multi-asset brokers who use many different platforms and want to use their data to cross-sell to their existing clients.<\/p>\n\n\n\n

Using the data, we want to: <\/p>\n\n\n\n