NASDAQ must boost financial inclusion for brokers.

  • July 13, 2023
  • Jennifer Moore
NASDAQ must boost financial inclusion for brokers.

NASDAQ, the world’s top-tier securities exchange, sidelines new and retail traders. High eligibility criteria and startup costs create a barrier to entry. Only wealthy institutional traders can thrive in NASDAQ, leading to financial exclusion. To attract the next generation of traders, NASDAQ must level the playing field.

Writing this article is an attempt to explain why NASDAQ needs improvement. It needs to make tough decisions. It must confront even its top players whenever there is a market manipulation charge. The task ahead is like Ted Lasso from the trending comedy sports series. 

It’s High Time That NASDAQ Learns From Ted Lasso

“…..the harder you work, the luckier you get.” – Ted Lasso

NASDAQ is a realm where luck revolves around investment rather than hard work and skill. Financial exclusion appears limited, but it is an impending disaster. Wealthy institutional brokers dominate NASDAQ.  They exert control and cause a lack of diversity and growth.

Financial exclusion limits equal opportunities. NASDAQ should learn leadership skills from Ted Lasso and create an open market.

Financial Exclusion And Its Avalanche Effect

  • The Setup Cost Causing Entry Barrier

Entry barriers arise from high setup costs. This includes server hosting, technical expertise, and AI tools. NASDAQ becomes dominated by high-capital institutional traders and wealthy investors, hindering development.

  • Uneven Resource Disposal

Unequal resource allocation favors institutional brokers using advanced tools. Meanwhile, retail players rely on manual calculations. Real-time data is also limited, enabling market manipulation by larger players.

  • Eligibility Criteria

Eligibility criteria involve expensive tests and licenses, favoring those willing to wait. Brokers seeking a career rely on institutional traders. Starting a brokerage career at NASDAQ costs $5,000 to $500,000.

  • Lack Of Cloud Technology

The lack of cloud technology complicates registration and hosting, impeding long-term sustainability.

  • The Gold Fish Memory

You know what the happiest animal on earth is? It’s a goldfish. You know why? It’s got a 10-second memory”. 

NASDAQ assumes the public has a short memory, ignoring market manipulation cases. Therefore, unethical practices prevail, eroding trust.

Also Read: Embracing Innovation in Entrepreneurship with the PayBitoPro Crypto Broker Platform

How to Solve this Existing Financial Exclusion?

“Taking on a challenge is a lot like riding a horse, isn’t it? If you’re comfortable while you’re doing it, you’re probably doing it wrong.” – Ted Lasso.

NASDAQ’s current brokerage ecosystem features legacy technology and touch-and-go legal constraints. But, since it fits most of its top players, the platform hasn’t understood that it is not for the good of tomorrow.

  • Cloud Implementation

Cloud integration keeps NASDAQ relevant, offering brokerage as a service through white-label solutions. For instance, crypto trading white-label exchange PayBitoPro offers BaaS. Moreover, all trading tools, features, and other requirements are available to brokers for a fee.

  • Democratizing Brokerage Ecosystem With White Labelling

Democratize the brokerage ecosystem through white-labeling. Therefore, this allows customized brands with equal tools and features for all players.

  • Affordable AI-Trading Options

Affordable AI trading options using cloud technology enable customized bots and real-time data analysis.

  • Simple And Cheaper Setup Process

 Simplifying and reducing setup costs attracts more potential traders. Moreover, PayBitoPro offers instant brokerage service launch and registration for $49.99 per month. Moreover, it has reduced eligibility criteria and operational difficulties to the least.  

Can NASDAQ Attract The Fresher Crowd?

Remember in Season 2 of Ted Lasso when Richmond hired Sharon, a sport psychologist? At first, the team was skeptical about it. But, after Dani scored, the entire team was enthusiastic about the sessions. Small-term traders need time to trust NASDAQ, but given its reach and resources, it is possible. 

NASDAQ needs to level market manipulation punishments for individual and institutional traders. It would generate more goodwill amongst young traders. Yes, benching top players might not look good. But, Ted Lasso did bench Jamie Tartt, and he became a better player because of it.

Attracting the fresher crowd requires leveling market opportunities and building trust.

Brokering World Hunger Away: Initiating Philanthropy

PayBitoPro has created a campaign, ‘Brokering World Hunger Away’. Thereafter, the movement aims to unite brokers in the fight against global child hunger. PayBitoPro donates a dollar for every dollar its brokers make as a commission. Moreover, as the number of brokers and their businesses grow, the amount donated will increase. Thereby PayBitoPro improves the lives of today’s brokers and tomorrow’s leaders with the same goal.

Wrapping Up

Unlike Welton hiring Lasso, these legacy rules do not suit NASDAQ’s plan to disrupt the market. But, along the line, the giant forgot to upgrade and better itself. Moreover, it is time to be “one step ahead of themselves”, like Rupert. Then, NASDAQ can level the playing field. It can create a sustainable market for tomorrow’s traders. Like the PayBitoPro crypto broker platform, collaboration beats the competition.

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