In the latest article in FinanceFeeds Jesse Waiganjo and Anton Sokolov discuss how prop trading solutions can be a valuable addition for brokers who want to evaluate and manage the performance of money managers and signal providers.
“When it comes to investment systems like Social Trading and PAMM, brokers can use prop trading platforms as a way to acquire and grow their pools of signal providers or money managers. I believe this brings a great symbiosis between the different solutions, thus enhancing the business in a larger front other than the traditional sense of how a prop trading firm should work,” said Jesse Waiganjo, Business Development Manager at Brokeree Solutions.
“The idea of using trader challenges to verify money managers has been floating around in the industry. However, companies have to be mindful when crafting challenges as traders who are trading via shared investment accounts have to work with a different risk management strategy than traders who have many other traders copying their positions. Brands that create challenges tailored specifically for their clientele will see much better long-term results and improved brand loyalty,” commented Anton Sokolov, Marketing Manager at Brokeree Solutions.
Read the full article via https://financefeeds.com/exploring-the-broader-applications-of-prop-trading-solutions-for-brokers/
