How Social Can Become the Hub for MAMs, Hedge Funds, EAs and Portfolio Managers

Social trading is one of the fastest growing innovations in the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term industry, taking the world of indices, currencies and commodities by storm.

Today’s brokerages assist traders by working with MAMs, hedge funds, portfolio managers, EAs, signals, etc, and in order to connect with each of these entities, a different method of integration is required, different APIs. Often, these integrations are done manually, or in the case of hedge funds, they cannot be done at all.

Social trading is coming with an agenda to bring all these entities under one roof with systems that make information easily accessible. Social trading platforms can become the center of the engine for all of these entities, in which traders and masters can both benefit through networking and sharing of ideas and skills.

Imagine all of the information from hedge funds, money managers, EAs, etc, all in one place for the trader to see, follow and even copy. This simple, yet revolutionary concept can assist brokers immensely in their Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, conversion and retention efforts. How so?

Acquisition: Brokers can advertise a much wider choice of 'masters' to copy. Catch phrases such as 'Follow XYZ Portfolio', 'come trade in ABC hedge fund' or 'Copy Warren Buffet’s moves on the market' can increase a broker’s acquisition rate.

Conversion: When integrating social with automation tools, social-related CTAs can entice the trader to convert and deposit. Furthermore, a trader with little or no knowledge of trading can feel a lot more confident about starting their trading career if they can learn from a successful trader and copy the strategy of successful money managers and/or hedge funds.

Retention: Once a trader becomes a live client, a broker can activate the volumes of these traders by allowing them to copy the strategies and portfolios of successful traders. Again, CTAs such as 'Make a deposit and start trading like Warren Buffet' can be extremely appealing.

Brokers are already working with these entities, what social can offer is to bring the information of all of these entities into one easy-to-view platform and allow traders to follow and/or copy successful strategies. Imagine tying this social trading powerhouse with an automation tool, and you can have an automated system, packed with useful information, which optimizes acquisition, retention and conversion rates, while exponentially opening up greater trading volumes.