26 October 2014

Gary Wright

Gary Wright - BISS Research

277 | posts 914,888 | views 369 | comments

Finextra@Sibos

The Finextra@Sibos community is open to all delegates and exhibitors at the annual financial markets conference organised by financial messaging network Swift.

The day stockbroking died

27 October 2010  |  4729 views  |  0

SIBOS may have just witnessed a day that put the first nail in 'execution only stockbroking'. peterevans one of the smaller software houses is demonstrating its new app, which basically negates the need for the middle man (stockbroker) by executing directly on the Stock Exchange.

The obvious thought is to link the app to the wholesale market and get a much better price. How long before this app spreads across retail investors providing easy to use technology, with immediate updating of the portfolio and risk assessment, whilst shooting off the confirm to self clearing, with true stp.

It's just a matter of time before the payment instruction will also be added to the confirmation, bringing the happy thought of immediate settlement and a totally riskless transaction.

So whats the future for Stockbroking? It's hard to see one, as research long lost its value and many of the value added services can be bought elsewhere. Most likely the only stockbroking service to hold its value will be advisory, however, this can easily be accomodated by IFAs.

SIBOS is not often a history making event but this week may well be remembered as the day stockbroking died. 

 

TagsSibos

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Gary

Wealth Management - Turkeys Vote for Christmas

27 September 2013  |  2634 views  |  0  |  Recommends 0

The future of systems in financial services

29 July 2013  |  2589 views  |  0  |  Recommends 0

Social media and trust in financial markets

25 June 2013  |  4870 views  |  0  |  Recommends 0

Technology changing the markets

25 June 2013  |  2528 views  |  0  |  Recommends 0

Technology begins to change

14 June 2013  |  2080 views  |  0  |  Recommends 0
name

Gary Wright

job title

Analyst

company name

BISS Research

member since

2007

location

London

Summary profile See full profile »
CEO of B.I.S.S. Research, founder of the BISS Independent Accreditation for all systems and servi...

Gary's expertise

Who is commenting on Gary's posts