Retail Brokerage and Distribution Report—Canada Summer 2018

Rolling with the Punches: Online/discount Brokerage Evolves with the Times

From the record-level trading volumes brought by cannabis company hype in Canada to securities regulators proposing the elimination of embedded compensation for order execution only dealers, the past year was anything but boring in Canada’s online/discount brokerage (ODB) channel.

This research feature profiles the changing ODB landscape by: measuring the impact of the elimination of embedded compensation, exploring the economics of direct investing, and profiling the competitive shift that is occurring as the value propositions of online brokerage and online advice drift closer together. It is an important read for dealers and fund companies alike who are looking to gain a more fulsome understanding of the current state of change in Canada’s direct distribution channels.