In particular, the banks’ platforms are getting better all the time and the fact that they are commission-free appeals to many of the so-called buy side. An old argument is that the implicit cost of trading is far greater than the explicit, which is why many more cost-aware punters like to have the ability to trade on their own prices on alternative platforms.
However, that argument is increasingly being eroded. For example, Deutsche this week unveiled a new function it calls Fast Orders.
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