Jannick Malling: The Evolution of Investing Platforms - [Making Markets, EP.22]

Mar 22, 2024

The podcast explores the evolution of investing platforms, including how new-age brokerages compete with industry giants. Topics cover revenue models, payment for order flow, fractionalization, gamification, alternative investments, and discussions on the current market cycle and economic factors.

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INSIGHT

Mobile Rewrote Brokerage Competition

Mobile shifted investing to a new cohort and rewrote competitiveness in brokerages.
Technology plus social learning channels drove tens of millions of new retail investors.

INSIGHT

Engagement Drives Product Complexity

Self-directed brokerages have a far higher engagement curve than robo-advisors.
Higher engagement demands greater real-time tech and concurrent usage scalability.

ANECDOTE

From Flash Kid To Saxo Bank Founder

Jannick started building Flash websites at 13 and joined Saxo Bank at 17 during hypergrowth.
He then built API trading, credit facilitation and risk software across multiple B2B clients.

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My guest this week is Jannick Malling. At 13, Jannick was getting paid to make websites. 5 years later, he was an early employee at the high growth broker, Saxo Bank. Today, he’s a serial fintech entrepreneur and the co-founder and co-CEO of Public.com, an investing platform. In this episode, we dive into the brokerage industry. We talk about how new-age brokerages compete against giants like Fidelity and Schwab, the business models of investing platforms, the impact of AI and more. Please enjoy this conversation with Jannick Malling.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.

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Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes.

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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes

(00:00:00) Welcome to Making Markets

(00:02:59) First Question - The Rise of Mobile Investing and Its Impact

(00:03:48) The New Generation's Approach to Investing

(00:11:30) Exploring the Revenue Models of Modern Brokerages

(00:14:05) The Controversy of Payment for Order Flow

(00:23:35) The Revolutionary Impact of Fractional Shares

(00:28:57) Venturing into the World of Corporate Bonds

(00:29:30) Exploring the Nuances of Fixed Income and Equities

(00:30:18) The Evolution of Brokerages

(00:32:25) The Rise of AI in Financial Services

(00:33:52) Navigating the Trust Landscape in Financial Services

(00:42:00) Innovations in Investment: The Case for Music Royalties

(00:47:33) The Future of Alternative Investments and Market Trends

(00:51:02) Reflecting on Market Cycles and the Path Ahead

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