Trading platforms, also known as electronic trading platforms, are software programs provided by third parties that allow investors and traders to access, monitor and operate in the financial markets in exchange for a fixed fee, at a discount rate or, in some cases, for free.
The Internet and financial technology developments have provided investors with the possibility of trading by themselves using a wide choice of online platforms. Some even provide services including information, research and recommendations of specific stocks or mutual funds (groups of stocks) for investment.
Rather than trading through a broker or an investment bank, platforms such as Nutmeg are becoming more and more common among market participants. The Foreign exchange market has experienced spectacular growth in recent years as the advent of online forex trading platforms has boosted the volume of retail operations.