LONDON – The online trading platform market consists of the sale of online trading program services by entities (organizations, sole traders, and partnerships) that are used for trading and investing online. An online trading program is a software or website that allows investors and traders to position trades through financial intermediaries and track accounts with a combination of robust features and low fees digitally.
The global online trading platform market size is expected to grow from $9.6 billion in 2021 to $10.21 billion in 2022 at a compound annual growth rate (CAGR) of 6.4%. The global online trading program market size is expected to grow to $13.13 billion in 2026 at a CAGR of 6.5%.
Online Trading Platform Market Overview
The main product types of the online trading are commissions, transaction fees, and other related service fees. Commissions are used in trading and equity stock. Commissions are called stock trading fees, or brokerage fees that the sale of specific investments is charged when customers buy or sell stocks. They consist of various components such as solutions, and services. These are applied by institutional investors and retail investors.
Online Trading Platform Market Trends Free Up Clients’ Time
Technological advancement is a key trend gaining the popularity in online trading platforms market. Online Trading program developers and service providers are focusing on various product development analyses to provide a user-friendly and advanced platform for both trading and investing. For instance, in July 2020, US based online trading company, E*TRADE Financial Corporate Services, Inc. launched the Equity Edge Online (EEO) Developer Platform. Through the launch of the Developer Platform, processes that were historically analog can now be automated, streamlined, and scaled which will free up the time of clients previously spent on administrative tasks.
Key Players In The Online Trading Platform Industry
Major players with trading platform market shares are Charles Schwab Corporation, Ally Financial Inc., TD Ameritrade, Fidelity Investments, E-Trade Financial Corporation, AAX, ErisX, Huobi Group, Interactive Brokers, MarketAxess, Merril Edge, Plus500, Tradestation, Bitstamp, EToro, BitPay, Eruption, Octagon Strategy Limited, Blockstream, Bitfinex, Tradeweb, DigiFinex, Templum, Unchained Capital, Cezex, and SIMEX.
Source: The Business Research Company
