Social Trading Dies Just in Time For Genesis Vision’s Rise
This post was originally published on my Medium blog and can be found here . I hope you enjoy and find this helpful! The content below is heavily built on this investigative article from FinanceFeeds . For context , the author tells the unfortunate tale of Social Trading and its perilous pitfalls as Britain’s Financial Conduct Authority (FCA) acts as a global regulator of investment operations, implementing the ‘Iron Fist,’ MiFID II . The story gets interesting when Brokers find themselves under pressure because of the conflict of interest caused by incentive schemes implemented on Social Trading platforms. Social Trading Further Catalyzes the Convergence of Financial Regulation & Technology Social Trading is really just the utilization of user-generated content as trade signals and wisdom-of-the-crowd to make online investment trades. Social trading sites usually provide their users with a...