PUNE, India, February 23, 2023 (GLOBE NEWSWIRE) — The global Market size of online trading platform will gain momentum with the increasing integration of artificial intelligence (AI) into electronic trading platform solutions. Chatbots help users to get market estimates, trader’s notifications data, account reports, real-time estimates and general FAQs. For example, in February 2021, HSBC unveiled a pricing chatbot that leverages AI to provide clients with instant analysis and pricing of foreign exchange (FX) options. This information is provided by Fortune Business Insights™ in a report titled Online Trading Platform Market Forecast, 2023-2028. According to the report, the market was worth $8.28 billion in 2020. It is forecast to grow from US$8.59 billion in 2021 to US$12.16 billion in 2028 at a CAGR of 5.1% over the forecast period.

Industry Developments:

Empirica introduced its trading algorithm called Volume-Weighted Average Price (VWAP). It is able to lessen the impact on the market price by using a pre-calculated schedule to complete a larger order.

E*TRADE Financial Corporate Services, Inc. has launched the E*TRADE Equity Edge Online (EEO) developer platform. It can efficiently control, manage and monitor participant transactions. At the same time, it can automate workflows and move data in and out of an organization’s system in a configurable and customizable manner.

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Report scope and segmentation