After ESMA, Spending Grows as Brokers Eye Long Term Traders

[kreslik.news]

A little less than a month has passed since the introduction of the new ESMA regulatory framework for retail brokers. As we reported last week, one key aspect which brokers got mandated to disclose is the profitability of traders. While for industry insiders those numbers are not a surprise, the figures can have an adverse impact on onboarding prospective clients.

Granted, if a client is hooked on beating the market, he/she will always dream of being a part of those on average 23.7% percent. However if we are to take cue from the first several weeks into ... (read more)