The Financial Brokerage market was successfully witnessed in a snowballing stage wherein the market perceived slow growth throughout the evaluation duration of 2013-2018. During the course of 2013-2015, a lessening in financial brokerage market growth rate was witnessed crosswise Indonesia Financial Brokerage market owing to the exterior aspects of slowdown across Chinese economy, retaining of boundaries on funds borrowing by the Federal Reserve and capital flight from Indonesia’s region which led to swelling the interest rates by the Bank of Indonesia. The stage also perceived presidential and parliamentary elections and unrelenting low mindfulness amongst the investors regarding the financial markets. Despite the weakening, the financial brokerage industry happening convalescing during 2016 and has been perceiving a positive CAGR growth till date. The primary growth drivers contain the stable positive economic perspective of Indonesia, inflow of foreign investment, growing number of wide-reaching strategic partnerships by the brokerage firms, subordinate market capitalization and numerous others.
However, the Philippines financial brokerage market size is at existent one of the most propitious financial markets around the South-Asia with very few financial products reachable for trading at recent but will expand in a few years. Trading happenings cross ways Philippines is momentously regulated owing to very diminutive trading volume & ascetically fewer trading accounts; most of the brokerage firms provide the brokerage services at the bottom most charge specified by SEC. The players currently charge brokerage fees for equity trading and plan to expand financial services towards asset management, mutual funds, wealth management, algorithmic trading, top picks and plentiful other services that can appeal the clients. The industry cultured at a negative CAGR throughout this dated. The complete revenue in the financial brokerage industry observed a mounting trend on account of a reducing in simplification of the tax structure for trading, collective investor’s assurance& political stability across the Philippines throughout the recent last year.
During the year recent past years, the industry revenue was enumerated by the local brokerage firms due to the decent branch network, corporate’s reputation amongst domestic investors, reasonable pricing for online trading and dominance of services recommended. However, the entrance of worldwide brokerage firms and the swelling level of foreign portfolio investment have been pretense a challenge to the ascendancy of resident brokerage firms.
However, the Philippines Financial Brokerage market is bitty in nature. The UBS Securities is the market front runner and has the maximum market share in the Financial Brokerage market across Philippines on the basis of credible equity trading capacity throughout the current past years. This was followed by CLSA, Credit Suisse, COL Financial, Deutsche Regis Partners, Maybank ATR Kim, Macquarie Capital and numerous others. These market players compete with in the brokerage market in Philippines on the basis of commissions thrilling, financial brokerage business models, quality of complementary services and technology and status. Moreover, the advancements in technology will lead to assumption in functioning costs, the advantage of which can be passed on to the clienteles as brokerage firms oppose to stay applicable in the market. Therefore, during the near years, it is projected that the market of financial brokerage will augment around the globe more successfully over the inflowing duration.
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Ankur Gupta, Head Marketing & Communications