Rising Client Acquisition Costs Squeezing Small Brokers
“It was the implementation of MiFID II that started a tectonic shift in client acquisition costs in the industry” writes Victor Golovtchenko for financemagnates.com. While industry consolidation has been a theme, there is a precursor which is causing it: ever-rising client acquisition costs.The talk of the day now are ever-rising client acquisition costs that keep swelling.Official stats for client acquisition costs have only been published by Plus500 so far. Source: financemagnates.com
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