PUBLISHER: Orion Market Research | PRODUCT CODE: 1380271
PUBLISHER: Orion Market Research | PRODUCT CODE: 1380271
Title: Global Online Trading Platform Market Size, Share & Trends Analysis Report by Interface Type (Web-Based, and Mobile-App Based), by Deployment Mode (Cloud and On-Premises), by Type (Commissions and Transaction Fees), and by End-Users (Institutional Investors and Retail Investors)Forecast Period (2023-2030).
The global online trading platform market is anticipated to grow at a CAGR of 6.2% during the Forecast Period (2023-2030). The online trading platform is a program that allows investors and traders to position trades through financial intermediaries and to track accounts. it includes services such as quotes in real-time, charting software, news feeds, and even premium analysis. Online trading may include trading in bonds, stocks (shares), futures, international currencies, and other financial instruments. The increasing use of smartphones and internet connectivity is a key driving factor of online trading platforms globally. According to the Pew Research Center, the Large majority of the 11 emerging and developing countries surveyed either own or share a mobile phone, and in every country, it is much more common to own one's phone than to share it with someone else. In seven of these countries, half or more now use smartphones - and smartphone use is especially common among younger and more educated groups.
The global online trading platform market is segmented on the interface type, deployment mode, type, and end-users. Based on the interface type, the market is sub-segmented into web-based, and mobile-app Based. Based on the deployment mode, the market is sub-segmented into cloud and on-premises. Based on type, the market is sub-segmented into commissions and transaction fees. Based on end-users, the market is sub-segmented into institutional investors and retail investors. Among the end-users, the retail investors sub-segment is anticipated to hold a considerable share of the market. Retail investors primarily utilizes these online trading applications coordinated through social media in order to bolster the companies' share prices.
Among the interface types, the mobile-app-based sub-segment is expected to hold a considerable share of the global online trading platform market. The segmental growth is attributed such as cost-effective, time-consuming, having no dependency on intermediate dealers, and having full authority to self-trade for instance, in March 2022, interactive brokers, introduced IBKR global trader, a user-friendly mobile trading application that empowers retail and foreign investors to trade stocks globally. and in January 2021, Binomo launched its online platform that has real-time forecasting & analysis. The platform consists of over 900,000 brokers from 130 countries.
The global online trading platform market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is anticipated to hold a prominent share of the market across the globe. This is primarily owing to the rapidly emerging BFSI industry in nations such as India and China, among others, as the industry is increasing their investments to adopt customized trading services.
Among all regions, the North America region is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rapid adoption of advanced technology and favorable urban and modern environments. According to the New York Stock Exchange (NYSE), using a hybrid trading platform that combines an electronic system with open-outcry trading floors in San Francisco and New York, the NYSE options markets offer a flat, open market structure and deep liquidity. It offers a dual market structure that combines access to Arca and American options through a single integrated technology platform. For instance, in March 2020, EffectiveSoft Ltd, a US-based company, expanded its development center and business units across Eastern Europe & Canada.
The major companies serving the global online trading platform market include: Charles Schwab Corp., Chetu Inc., Devexperts LLC, Digifinex Limited, EffectiveSoft Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Morgan Stanley acquired E*TRADE Financial Corp. (E*TRADE) in an all-stock transaction. E*TRADE common stockholders are entitled to receive 1.0432 Morgan Stanley common shares for each E*TRADE common share.