There are some signs that competition on price in our main markets is becoming less intense. One of our larger global competitors had competed aggressively on price for a year or so, but has recently reverted to pricing levels similar to ours. Their failure to gain market share with this pricing strategy supports our belief that clients are generally more focused on quality of execution, service and technology than on price alone...
Are they talking about CMC? Do they have any clients now?
There are some signs that competition on price in our main markets is becoming less intense. One of our larger global competitors had competed aggressively on price for a year or so, but has recently reverted to pricing levels similar to ours. Their failure to gain market share with this pricing strategy supports our belief that clients are generally more focused on quality of execution, service and technology than on price alone...
Are they talking about CMC? Do they have any clients now?
There are some signs that competition on price in our main markets is becoming less intense. One of our larger global competitors had competed aggressively on price for a year or so, but has recently reverted to pricing levels similar to ours. Their failure to gain market share with this pricing strategy supports our belief that clients are generally more focused on quality of execution, service and technology than on price alone...
Are they talking about CMC? Do they have any clients now?
That's almost certainly who they were talking about - CMC's platform re-design was the biggest F up in the history of spread betting.
I think they employed a window dresser to do it. I can just imagine the scene, floral jacket, big cuffs and floppy hair, his first question was what colours to use, the one about what features and functions to incorporate was never asked.