(Australia-NewsWire.Com, October 08, 2018 ) Blockchain technology, a major trend in the stock exchanges market worldwide, and is being used by companies for ways to leverage the technology which helps the entities involved to reduce duplication of processes, settlement time, collateral requirements and operational overheads. The Australian Stock Exchange (ASX) is the world’s first stock exchange to use blockchain technology to develop distributed ledger-based solutions.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL STOCK EXCHANGES MARKET AT $109 BILLION IN 2017
North America was the largest geographic region in the market in 2017, accounting for two-third of the global market. The USA was the largest country in the market, accounting for more than two-third of the global stock exchanges market.
According to The Business Research Company’s Consultant, Nitin Gianchandani, cross-selling and upselling of products and services is becoming popular among bank brokers. Cross-selling and upselling is required to capture a larger portion of the client’s assets. In addition, bank brokers across the world are focusing on aggregating information related to client account and lowering their fees to serve affluent investors. This allows bank brokers to cross-sell their online trading and advisory-based services to affluent investors, who hold multiple accounts with retail banks and bank brokers.
New York was the largest player in the stock exchanges market. New York Stock Exchange’s growth strategy aims at trade execution, data services, global derivatives and cash equities.
Stock exchanges comprise all establishments which act as a market place for trading securities. Customers use stock exchanges as a trading platform to transact securities such as equities and bonds and includes capital markets, post trade activities and information and technology services. This channel does not include investment and advisory activities of these stock exchanges.
Stock Exchanges Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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