GameStop shows financial markets unfit for retail investors - Hatch boss

GameStop shows financial markets unfit for retail investors - Hatch boss
Dan Brunskill
The general manager of NZ-based US share trading platform Hatch says financial services infrastructure is not built to cope with the new era of retail trading and needs to adapt quickly.Her comments come after Hatch and other platforms were forced to suspend trading in a handful of stocks overnight after their US broker pulled the plug on frenzied trading.Brokerage firm DriveWealth said it would not take buy orders for AMC Entertainment Holdings and Gamestop Corporation during trading on Wednesday night, due to increased capital requirements se...

More Markets

Gentrack leads NZ sharemarket down almost 1%
Markets Market Close

Gentrack leads NZ sharemarket down almost 1%

The S&P/NZX 50 Index closed at 12,225.28, down 113.29 points or 0.92%.

Graham Skellern 04 Apr 2025
Takeovers Panel will meet on NZME issue
Markets

Takeovers Panel will meet on NZME issue

The panel said in a media release today it had met on the issue of Grenon’s shareholding.

Staff reporters 04 Apr 2025
Asian stocks extend global rout
Markets

Asian stocks extend global rout

Tokyo shares fall as Trump predicts a coming US boom.

AFP 04 Apr 2025