Pune,India, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The global Online Trading Platform Market Size is set to gain impetus from the rising integration of artificial intelligence (AI) with electronic trading platform solutions. Chatbots help users to receive market estimations, data about the trader's notifications, account reports, real-time estimates, and generic FAQs. In February 2021, for instance, HSBC unveiled a pricing chatbot that utilizes AI to provide instant analytics and pricing for foreign exchange (FX) options to clients. This information is given by Fortune Business Insights™ in a report, titled, "Online Trading Platform Market Forecast, 2023-2028." As per the report, the market stood at USD 8.28 billion in 2020. It is projected to grow from USD 8.59 billion in 2021 to USD 12.16 billion in 2028 at a CAGR of 5.1% during the forecast period.
Industry developments:
Empirica introduced its trading algorithm called Volume-Weighted Average Price (VWAP). It is capable of lowering the impact on the market price by using a pre-computed schedule for implementing a bigger order.
E*TRADE Financial Corporate Services, Inc. launched the E*TRADE Equity Edge Online (EEO) Developer Platform. It can govern, manage, and observe participant transactions efficiently. At the same time it can automate workflows and move data in and out of a company's system in a configurable and customizable way.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 5.1% |
| 2028 Value Projection | USD 12.16 Billion |
| Base Year | 2020 |
| Online Trading Platform Market Size in 2020 | USD 8.28 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 115 |
| Segments covered | Component, End-User, |
| Online Trading Platform Market Growth Drivers | Artificial Intelligence Powered Market Insights to Drive the Adoption of Trading Platforms |
| Stringent Rules and Regulations to Impede the Adoption of Online Trading Platform |
Key Takeaways
- Online Trading Platform Market is expected to flourish & reach USD 12.16 Billion in 2028
- The integration of AI-based chatbot services with e-trading platform solutions is considered one of the new trends for growth of the market
- The platform with AI technology helps users to observe millions of trade data pointers and run practices at an optimum price.
- The segment's growth is mainly due to the rapid adoption of client-made trading software at banking and financial institutions.
- Online Trading Platform Market Size in North America was USD 697.23 Billion 2021
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Drivers & Restraints-
- The increasing use of AI technology is expected to revolutionize the future of online trading platforms. One of the ways in which companies are incorporating this technology into their products is through the use of robo-advisors.
- These platforms enable users to execute optimal trades at the right price and analyze millions of trading data points. Tracxn Technologies, for example, has developed an automated trading platform with three AI-powered engines.
- These include an active engine that uses machine learning to improve performance, an order engine for carrying out operational tasks, and a strategy engine for analyzing potential trades. However, the lack of awareness about these solutions in developing countries could hinder the growth of the online trading platform market in the years to come.
Regional Insights-
North America accounted for USD 3.47 billion in revenue in 2020 and is expected to maintain its leading position in the market due to the presence of well-known online trading platform providers, including Chetu Inc., EffectiveSoft Ltd., Artezio LLC., ETNA, and TD Ameritrade Holding Corporation. Meanwhile, Europe is predicted to experience significant growth, driven by increased investments from countries such as France, Germany, Italy, Spain, and Benelux in online trading platform solutions.
List of Key Players Mentioned in the Report:
- Td Ameritrade Holding Corporation (Nebraska, United States)
- Interactive brokers (Connecticut, United States)
- E-TRADE (Virginia, United States)
- Profile Software (London, United Kingdom)
- Chetu Inc. (Florida, United States)
- Empirica (Dolnośląskie, Poland)
- Pragmatic Coder (Krakow, Poland)
- EffectiveSoft Ltd. (California, United States)
- Rademade Technologies (Tallinn, Estonia)
- Devexperts LLC (Munich, Germany)
- R&D Solutions (Sofia, Bulgaria)
- ETNA (Florida, United States)
- Artezio LLC. (New Jersey, United States)
- Velvetech, LLC (Illinois, United States)
- Itransition (Colorado, United States)
- Ally Financial Inc. (Michigan, United States)
- Merrill Edge (New York, United States)
- Plus500 (Israel)
- Mcafee Llc (California, United States)
- Mobicip Llc
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Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Overview
- Annexure / Appendix
- Global Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component (USD)
- Solution
- Services
- By End-user (USD)
- Banking and Financial Institutions
- Brokers
- Others
- By Region (USD)
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
- By Component (USD)
- North America Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component (USD)
- Solution
- Services
- By End-user (USD)
- Banking and Financial Institutions
- Brokers
- Others
- By Country (USD)
- United States
- Canada
- Mexico
- By Component (USD)
- South America Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component (USD)
- Solution
- Services
- By End-user (USD)
- Banking and Financial Institutions
- Brokers
- Others
- By Country (USD)
- Brazil
- Argentina
- Rest of South America
- By Component (USD)
- Europe Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component (USD)
- Solution
- Services
- By End-user (USD)
- Banking and Financial Institutions
- Brokers
- Others
- By Country (USD)
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
- By Component (USD)
- Middle East & Africa Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component (USD)
- Solution
- Services
- By End-user (USD)
- Banking and Financial Institutions
- Brokers
- Others
- By Country (USD)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of MEA
- By Component (USD)
- Asia Pacific Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- By Component (USD)
- Solution
- Services
- By End-user (USD)
- Banking and Financial Institutions
- Brokers
- Others
- By Country (USD)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
- By Component (USD)
- Global Online Trading Platform Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
TOC Continued…!
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FAQ:
How big is the Online Trading Platform Market?
The market is projected to grow from USD 8.59 billion in 2021 to USD 12.16 billion in 2028 at a CAGR of 5.1% during the 2021-2028 period.
How big is Online Trading Platform Market in North America?
The market in North America stood at USD 3.47 Billion in 2020 and is expected to gain a huge portion of the market share in the coming years.
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