Home Broker evolution and impact within Brazilian stock exchange market

Elaborate an analysis regarding the impact of the Home Broker system in Brazil. This analysis must include a brief history of the system in Brazil and the main point is to show how it has impacted positively the exchange market by showing the evolution of the amount of money negotiated through this tool and how it can foster even more the exchange market within the country, also forecast the scenario of the situation for the next years. The personal finance culture of the Brazilians must be taken in consideration as the profile of the citizens is too conservative.