Markets

Battle of the platforms: who will win the retail trading war?

Dan Brunskill
Fri, 10 Sep 2021

Battle of the platforms: who will win the retail trading war?
There's speculation that Stake could be the mystery buyer wanting to buy Hatch. (Image: BusinessDesk)
Dan Brunskill
Fri, 10 Sep 2021
The pandemic bringing hundreds of thousands of unengaged New Zealanders onto the stock market via retail trading platforms was one of 2020’s biggest surprises.But now a large and potentially profitable market has been discovered, the race is on to hoover up market share and become the dominant trading platform.Way out ahead in the NZ market is Sharesies – with over 400,000 users – which arguably pioneered the movement and has quickly surpassed less user-friendly legacy platforms such as ASB Securities and Direct Broking.NZX ch...

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