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Here Today, Here Tomorrow: Three Keys to Developing Successful Online Active TradersPublished by: TowerGroup Published: Jul. 16, 2007 - 9 Pages Table of Contents
AbstractOnline brokers continually face the challenge of growing their client bases of active traders because this segment of the market is prone to high attrition and the economic effects of a market downturn or slump. Although active traders' accounts comprise less than 5% of all online brokerage accounts, these customers are highly coveted for their potential to generate commission revenue and fees from added services like margin borrowing. Therefore, it is critical for firms to curtail attrition and extend the duration of these beginning traders. The greatest challenge in developing long-term relationships is the trader's learning curve. This TowerGroup Research Note suggests how online brokers can derive additional revenue from the relationships by utilizing technology to help beginners become successful active traders.Get Full Details About This Report >> |
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