In a world of ever-more-efficient technology, there are fewer jobs for people who know what they’re doing.
And so, a new breed of traders is springing up that offer the promise of being “expert brokers” and offer the “knowledge of the future” to their customers.
The industry has long been dominated by brokers and hedge funds, but as the industry’s trading volume has increased and the cost of buying and selling commodities has fallen, it’s become an opportunity for traders to take a backseat.
The New York Stock Exchange, which launched its own trading platform in 2013, has a market cap of $1.7 trillion.
It’s been growing at a much faster rate than any other trading platform and now employs more than 5,500 people.
But some brokers, such as New York’s Topix and CME Group, have been fighting back.
Topix recently began offering a “banking” brokerage service.
A bank that specializes in commodities trading, it allows traders to set up trading accounts and buy and sell stocks and commodities.
For instance, one can create an account and then trade stocks with their bank, while others can purchase stocks through their broker and then use it to trade other assets.
And, for a fee, traders can add a broker account to their brokerage account.
They can then send trades to the broker, which can then “trade” on behalf of the trader.
And in the process, Topix says it can help reduce the cost and increase liquidity for traders.
But that isn’t the only benefit that the new platform has over traditional brokers.
The company has added a “crowd sourcing” feature, which allows brokers to sell a piece of their trading strategy to their clients, said Marc J. Ostrander, Topissentor of Topix’s trading platform.
“If you want to learn about a new technology or to sell your strategy, you can,” he said.
Topisset recently launched a new platform called Topix2, which lets people set up their own brokerage accounts.
That allows people to buy and trade stocks and the like with their broker, or they can send trades through the platform to a bank account that will act as a proxy for the broker.
And since they are buying and trading with their own bank, the broker is not bound by the laws of the nation, or even the laws in their state, which they often have little control over.
For the most part, they aren’t getting screwed out of money either.
In fact, they are getting paid less than their competitors because their fees are lower, Ostrand said.
“I would say the price of the service is lower than the price that you pay for a traditional broker, but it’s still not as cheap as what you would pay for an independent broker,” he added.
TopIX is looking to expand beyond its own platform.
Last week, the company launched a $1 billion fund called The New American Wealth Fund, which aims to invest in companies that “have the potential to dramatically change the way we live, work, play and travel in the 21st century.”
Topix said that it plans to use some of the money to buy back some of its own stocks, which the company plans to keep.
That includes the New American Capital Fund, an ETF with the same name.
Topex has invested more than $30 billion in the company.
But with such a large number of clients, it can be tough to keep up with all of them.
“We’re trying to diversify our portfolios,” Ostrich said.
But while he and Topix have seen some success, the challenge of keeping up with the demand has been the biggest challenge, he said, adding that the market has changed dramatically.
“The volume of trading has gone up and it’s more than just the number of trades per day,” he explained.
“It’s a different type of trading, and we can’t be just as fast and efficient as before.”
