Why non-bank FX brokers are becoming more attractive | StoneX Pro
March 23, 2024 12:00 AM
Why non-bank FX brokers are becoming more attractive
From liquidity to technology: How FX brokers are adapting to the transformational changes facing the industry they serve
In his interview with e-Forex magazine, Gerard Melia, Head of Sales for StoneX Pro, contributes to exploring how the rise of multi-asset trading solutions, technological innovations, and increasing exchange fees are driving change in the way FX brokers think about their business models.
"The traditional FXPB model is under pressure from emerging multi-asset brokers who can serve their clients’ needs more effectively than traditional providers," reveals Melia.
Do non-bank FXPBs generally offer broader and more cost-effective services than traditional FXPBs? What must firms evaluate when considering partnerships with non-bank FXPBs?
Read the full interview here to find out.