“Years of robust economic growth
have given rise to a middle-class with increased disposable incomes. Some of
these incomes are splurged on consumption and luxury items, while some are put
off in savings accounts for good use. But with very low interest rates,
Filipinos are looking towards other investment prospects which has led to rise
in demand of portfolio management and advisory services”
Integration of Professionals across
boundaries: The Securities and Exchange Commission (“SEC”) issued
guidelines which contains the rules on the implementation of the ASEAN Capital
Markets Forum (“ACMF”) Pass. This is because the SEC is a signatory to the
Memorandum of Understanding on the ACMF Pass under the ASEAN Capital Market
Professional Mobility Framework (“Framework”) together with the regulators of
Thailand, Malaysia and Singapore. The Framework aims to enhance the
connectivity of capital market professionals in the ASEAN region. In relation
to this, the ACMF Pass allows the free movement of professionals licensed from
a home country to perform investment advice activities and issue research
reports on ASEAN financial products in a host country under the Framework. The
Guidelines are applicable to professionals in the Philippines who intend to
obtain an ACMF Pass in another signatory country, and those in other signatory
countries who want to obtain that same pass.
Increase in Online mode of Trading
& Technological Advancements: There has been a great shift in
technological advancements in the brokerage market in past 5-6 years. Foreign
financial services firms are bringing technological advancement that they have
been offering across the world to Philippines. The internet penetration in
Philippines has also increase vastly in the above mentioned period, this can be
seen from the increase in number online trading accounts in the country whereas
the number of traditional brokerage accounts has remained stagnant. The number
of online brokerage accounts has grown at a staggering CAGR of 37% from
2013-2018.
Increase In Market Capitalization
and Expansion of Financial Services: Key differentiating factor amongst
competition in Financial brokerage sector in Philippines is the services
offered by the existing firms in brokerage market in Philippines, the existing
companies and incumbent players have followed the strategy expanding financial
services towards Research Services, Mutual Funds, Wealth Management, top picks
and other services that can lure the customers. The revenue from commissions
has declined at a CAGR of 5% between 2014 and 2018. The decrease in brokerage
revenues is primarily due to the decrease in equity trading volume.
The report Titled “Philippines
Financial Brokerage Market Outlook to 2023 – By Equity on Basis of Transaction
Value, By Transaction Mode (Online & Offline), By Basis of Time of Delivery
(Intraday & Delivery Based), By Type of Investor (Domestic & FII)“
by Ken Research suggested that the Financial Brokerage market in Philippines
has been decreasing due to growing political instability, operational
Inefficiency and poor internal governance. The market is expected to register a
positive CAGR of 12.5% in terms of revenue during the forecast period
2018-2023E in Optimistic Scenario if the reforms undertaken by market
participants work as expected, commodities & futures trading is initiated
and the government’s Investment plans for Financial sectors are followed.
Key
Segments Covered
By
Type of Trading Activity
Equity
By
Entity
Brokers-Dealers
Key
Target Audience
Brokers
Dealers
Investment Banking and Private Equity
Firms
Government Authority
Financial Institutions
Time
Period Captured in the Report:
Historical
Period: FY’2014-FY’2018
Forecast
Period: FY’2019E-FY’2023E
Companies
Covered:
UBS Securities
CLSA
Credit Suisse
COL Financial
Deutsche Regis Partners
Maybank ATR Kim
Macquarie Capital
Mandarin Securities
SB Equities
J.P. Morgan Securities
Key
Topics Covered in the Report
Equity Trading Market Philippines
Financial Brokerage Market
Philippines Stock Brokerage Charge
Philippines Online Trading
Online Brokers for Traders in
Philippines
International Online Brokers
Philippines
Philippines Stock Exchange Brokerage
Fee
COL Financial Philippines
Equity Market Philippines
Dealership Market Philippines
Revenue Brokerage Firms Philippines
Philippines Financial Brokerage Market
Issues
Philippines Brokerage Recommendations
Educational Programmes for Investors
Philippines
Total number of Active investors
Brokerage Company Profiles Philippines
Derivatives Exchange Introduction
Philippines
Philippines Equity Transaction Volume
Zerodha Success Story India Brokerage
For
more information, refer to below link:
Related
Reports
Contact
Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
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