Opinion

BRIAN GAYNOR: Can Sharesies boost the NZX?

Brian Gaynor
Sat, 22 Aug 2020

BRIAN GAYNOR: Can Sharesies boost the NZX?
Brian Gaynor
Sat, 22 Aug 2020
A major issue with the NZX is the small number of brokers supporting the market with most of these firms prioritising their private wealth operations, rather than traditional stockbroking activities.The NZX lists nine trading participants or stockbrokers on its website, compared with 23 large and medium-sized firms 30 years ago. At present, there are almost 70 Australian brokers trading on the ASX.The NZX needs gamebreakers, new firms that want to encourage widespread individual participation and will bring new companies to the market.  Ar...

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