Online brokerage For many, the risk of taking a new platform is often deemed higher than the opportunity of reaching a wider contingent of traders. This ignores the evidence we’ve seen from the dominant market players who offer proprietary platforms as opposed to ageing solutions that promise no future development or improvement” – Conor O’Driscoll, VP of OTC Platform at Devexperts trading platforms
Trading platforms are an ongoing topic of contention in the online CFD market, with many newcomers having failed to gain traction. It’s rare to find such devotion to the old products of incumbents in other industries, save perhaps for certain businesses that still use outmoded operating systems. Online brokerages still like to play it safe when it comes to the platforms they offer, reasoning that “if it ain’t broke, don’t fix it.”
This has made it an uphill struggle for many development firms seeking to bring new platforms to this market. We recently caught up with Conor O’Driscoll, VP of OTC Platform at Devexperts, to discuss the lay of the land in this interesting space.