I don’t know how to really express this but it’s just a thorn in my heart that how much of a lack of voice retailers have in the market. Like everything is just forced upon us and we have to oblige with it. Everything is decided for us and we don’t have a say in it. And I am sure everyone can relate to what it feels to be kept silenced and simply obey. Probably you have been through that at some point in life. And all this has just been going under ‘you know who’. Not saying that they aren’t doing a good job but really, retailers aren’t even allowed to catch a breath. Hardly days go by that a new restrictive rule is imposed on us. It’s just too much take if you are someone who makes a living out of this thing. Already, the participation of retailers isn’t that good when you consider how many out of the total population actually participate in the market. And that number too is dwindling, if we look at long term trends. It is kinda worrisome cause that simply indicates how much of a lack of scope this particular occupation has. It just makes me wonder why can’t brokers help their clients for once. I mean yeah there’s nothing between the client and the broker, everything is done online and all that matters is whether the broker makes money or not. But ultimately, doesn’t it somehow affect the intermediatieries’ pockets too? Closer to the truth it seems that retail clients are indeed worth peanuts. I mean, technically, brokers are well off enough that they can move on to other financial businesses and the big players provide enough liquidity to the market. Retail clients are not needed exactly but it’s just something to wonder.
Anyway, what I have to offer is the fruit of my research. What I have formulated is basically a framework that is in line with regulator’s policies and best practices around the world while at the same time also being somewhat friendly to retailers. But it’s only a tad worth of relaxation that this framework could provide. What it does basically is that it takes some of the bulk off the current framework and keeps only the essentials.
But the problem is, like I said earlier, I as a retailer don’t have a say in things. Even if I have a good idea that could benefit the so called ‘risk management system’, it’s never gonna reach the higher ups. Unless of course the mediator between us and them which is the broker could advocate on our behalf, if it wants to obviously.
Ignore this thread is you want to but I am just letting my word out. I’ll find some other way otherwise to have my voice reached.