Demand for multi-device trading
Demand and revenue from online trading retail clients using mobile and tablet devices will continue to grow, according to Saxo Capital Markets.
The Australian subsidiary of online trading specialist Saxo Bank, found 50 per cent of its Asia-Pacific region trading volume and revenue is being generated by retail traders through its multi device and multi-asset trading platform, SaxoTraderGO.
Saxo Capital Markets Australia chief executive, Anthony Griffin, said access to more markets through one platform and one account was resonating with both local and global traders.
"Over 20 per cent of our global revenue from our retail clients is from mobile and tablet devices, and we believe this figure will continue to grow," Griffin said.
"Three-quarters of all our trades and orders come from traders who use multiple devices to trade."
Saxo said according to a recent Investment Trends contracts for difference (CFD) report, 42 per cent of active CFD traders looking to switch say access to direct equities from the same account would be very important.
It also found 61 per cent of those intending to start trading in the next 12 months said access to equities within their CFD trading platform is one of the most important features when selecting their future provider, ahead of price.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
