The inertia factor

But when this statement is combined with the view from senior industry luminaries that the current model is ‘broken’, given the substantial savings gap, the negativity towards commission and the lack of new blood joining financial services, it would seem logical and sensible for the market to be moving rapidly towards a fully electronic trading model. However, despite the benefits and these undoubted cost savings, the pace of change in some pockets of the industry is still frustratingly slow. To illustrate my point a bit further, the Financial Technology Research Centre estimates a man...