US Financial Brokerage Market Revenue is Expected to Reach Over USD 379.4 Billion by the Year Ending 2023: Ken Research


GURUGRAM, India, July 9, 2019 /PRNewswire/ —

Key Findings

  • Growth of US Financial Brokerage Market is anticipated to be led by growth in trading volume through improvement in investor participation, surge in implementation of new technologies, collaboration between financial services firms, banks and fin-tech companies and growth of Fin-tech firms.
  • The leading broker-dealers in U.S are LPL Financial, Ameriprise Financial Services Inc., Raymond James Financial Services Inc., Interactive Brokers, MML Investors Services, Wells Fargo Advisors Financial Network, Northwestern Mutual Investment Services and AXA Advisors.

Emerging Technologies: Emergence of new technologies is expected to transform the way financial services operate. Advanced data analytics would be used in portfolio management to arrive at the right blend of securities to be added in a portfolio. Artificial intelligence would be used as a customer service tool, thereby reducing the response time while improving the quality of assistance simultaneously. Moreover, Blockchain may also be adopted in order to deal efficiently with regulatory and compliance issues.

Collaboration Between Financial Services Firms, Banks And Fin-Tech Companies: Traditional financial services firms and banks enjoy a large customer base due to their long presence in the market. These institutions are also trusted by the population. However, lack of technological advancements has limited their scope and quality of services. This issue can be resolved in future by partnering with Fin-tech firms that provide technological solutions. This will benefit all parties involved in the partnership as the new technologies developed by Fin-tech firms can be put to large scale use by the banks to cater to the needs of their clients. The entities can work in layers wherein the banks can form as the base and the other entities can work above, constantly innovating.

Rise in Mobile Applications Providing Zero Commission Trading Facility: Brokerage firms often charge their clients with commissions on trade by trade basis in order to cover their overhead costs, infrastructure costs and include profits. However, owing to technological advancements, the Fin-tech industry is expected to witness a rise in the number of firms offering commission free trades. With an aim to make trading facilities affordable to the general public, these firms leverage on technology to minimize their costs and develop a mobile application that caters to the basic trading needs of an investor.

Analysts at Ken Research in their latest publication US Financial Brokerage Market Outlook to 2023 – By Entity (Brokers and Dealers), By Type of Trading Activity (Currency, Commodity and Equity), By Exchange, By Type of Commodities (Agriculture and Non Agriculture) by Ken Research suggested that the Financial Brokerage market in US will be increasing due to growing dealership activity, rising investment in Fin-tech industry and increasing adoption of technology. The market is expected to register a positive CAGR of 3.4% in terms of revenue during the forecast period 2018-2023E.

Key Segments Covered

By Type of Trading Activity

  • Equity
  • Commodities
  • Currencies

By Entity

  • Brokers
  • Dealers

By Exchange

By Type of Commodities

  • Agriculture
  • Non Agriculture
  • Coffee
  • Sugar
  • Cocoa
  • Cotton
  • FCOJ
  • Metals & Grains
  • Canola
  • Gas
  • Power

Key Target Audience

  • Brokers
  • Dealers
  • Investment Banking and Private Equity Firms
  • Government Authority
  • Financial Institutions

Time Period Captured in the Report:

  • Historical Period: 2013-2018
  • Forecast Period: 2019E-2023E

Companies Covered:

  • BGC Partners
  • Charles Schwab
  • E-Trade Financial Corporation
  • Interactive Brokers Group
  • TD Ameritrade
  • Jones Financial
  • LPL Financial
  • Raymond James Financial
  • Voya Financial
  • Virtu Financial

Key Topics Covered in the Report

  • Introduction on US Financial Brokerage Market
  • Educational Training Programs in U.S Financial Brokerage Market
  • Financial Brokerage Market Size
  • US Financial Brokerage Market by Revenues
  • US Financial Brokerage Market by Transaction Volume
  • US Financial Brokerage Market Segmentation of Financial Brokerage Market by equity, commodities and currencies on the basis of transaction volume, by equity market , by F&O market, by commodity market, by agricultural commodities, by  non agricultural commodities
  • US Financial Brokerage Market Government Regulation
  • US Financial Brokerage Market Trends and Developments
  • US Financial Brokerage Market Issues and Challenges
  • Comparative Analysis of U.S Financial Brokerage Market with Global Market
  • Competition Scenario and Market Share of Major Players in Comparative Analysis of U.S Financial Brokerage Market
  • Company Profile of Major Players in Comparative Analysis of U.S Financial Brokerage Market
  • US Financial Brokerage Market Future Outlook and Projections
  • Analyst Recommendations

For more information on the market research report, please refer to the below link:

Other Related Reports:

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The report provides a comprehensive analysis of Financial Brokerage market in India. The report focuses on the full service brokers and discount brokers separately in detail. The report covers market size and segmentation of overall financial brokerage market by online/offline mode, FIIs and Domestic Investors, Trading exchange each by Equity, Commodities and Currencies and various segmentations on each trading segment. The report covers comparison of online trading with offline trading in India, with the consumer survey regarding the preferences for online trading by different population groups. The report puts forth in-depth analysis on Full Service brokers including business models, market share of major players and detailed company profile for each major full service brokers. The potential and future outlook for full service brokers has also been discussed in the publication. Discount broking market in India has been separately discussed in the report with detailed analysis of major players, their strategies relative to global discount brokers, company profiles for major players, SWOT Analysis and major issues and challenges with the discount broking market in India. The report covers analysis on the process for discount broker to tie up with technology partners to serve retail customers. The report also serves as a benchmark for every new player which is seeking to enter into financial brokerage market and what should be the focus and USP for that new player.

US FinTech Market Forecast to 2020 – Mobile Payments and Robo Advisors to Shape Future Growth

The report provides a comprehensive analysis of the FinTech market in the US and covers market size and segmentation of overall FinTech market by business models. The report covers the further segmentation of different spaces such as Digital Commerce, Personal Finance and Business Finance into sub segments based on the business models. The sub segments (US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowdfunding Market, US Robo Advisors Market and US Business Lending Market) are then considered separately and analysis on them has been done individually. The report covers detailed profiles of leading players in the different sub segments along with the share of major players in the market. The potential and future outlook has been individually discussed for the US Digital Commerce Market, US Mobile Wallets Market, US P2P Money Transfers Market, US P2P Lending Market, US Equity Crowdfunding Market, US Robo Advisors Market and US Business Lending Market and also for the overall FinTech market. The report provides detailed analysis of segments, trends & developments, growth drivers and major restraints and challenges within the industry.

The report serves as a benchmark for existing players and for new players who wish to capitalize on the market potential and investors who are looking forward to venture into the FinTech market in the US.

India ATM Market Outlook to 2023 – By ATM Supply, Managed Services (ATM Repair, Maintenance and Other Services, Transaction Processing, Cash Reconciliation Statement, Content and Electronic Journal Management) & Cash Management (ATM Replenishment, CIT, CPD)

The report provides a comprehensive analysis of India ATM Managed Services market introduction and genesis, market size by revenue, market ecosystem, value chain analysis. The report covers snapshot on India ATM Cash Management Services market, decision making process for India ATM Management Services Market and tender process applicable. The report provides a competitive landscape of major ATM Managed Services players including Hitachi Payments, AGS Transact, Diebold Systems, Euronet, EPS, Tata Communications Payment Solution, FIS, FSS, Mphasis Payment Managed Services, NCR, and CMS. Companies which are covered in ATM Cash Management practice include CMS InfoSystem, SIS Prosegur, Brink’s Arya, Writer Safeguard, Securevalue, Logicash and Radiant Cash. In ATM Supply, major companies which are covered include NCR Corporation, AGS Transact, Diebold Systems and Vortex Engineering. The report also covers SWOT analysis, future projections along with analyst recommendation.

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India payment services market which has traditionally been dominated by cash witnessed advancement towards digital transactions both in terms of value and volume during demonetization phase in India. Regulatory authorities such as the Reserve Bank of India(RBI) and the National Payments Corporation of India (NPCI) play a major role in establishing guidelines for effective working within India’spayments landscape. In India, cash still dominates the entire payment landscape in India and is expected to lead the majority share in future.

In India, merchant payments were observed to be the central aspect of all payment services for large enterprises as well as MSMEs, which are increasingly becoming integrated with PoS and mPoS terminal devices. In addition to this, emergence of consumer mobile wallets in Indiahas helped consumers with person-to-person funds transfer, therefore facilitating small value transactions. Surge in growth of electronic payments in India, along with rising E-commerce and M-commerce transactions are further expected to give a boost to numerous entities including payment gateway service providers and payment aggregators that facilitate online payments in the country.

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Ankur Gupta, Head Marketing
Ken Research Private Limited 

SOURCE Ken Research