“What’s good for the trader, what’s profitable for the broker”
In our weekly roundup, we start with market analysis. The brokerage industry has long been dominated by opaque pricing, aggressive marketing, and layered middlemen.
Tajinder Virk, the CEO and co-founder of Finvasia Group, shared some insight with FinanceMagnates.com, saying he believes that “the job of a
broker is to give you clean access to the market, not bombard you with tools
you don’t understand.”
Tajinder Virk, Source: LinkedIn
Virk also pointed out the “fundamental disconnect between what’s good for the trader and what’s profitable for the broker. We’re here to reset that.” He wanted to “to build was truly zero-cost—no spreads, no payment-for-order-flow, no hidden markups,” and succeeded to do so with his platform Shoonya, which means “zero” in Sanskrit.
eToro and iFOREX IPOs
In a story that dominated headlines this week, Israeli fintech…
