Sharesies adds another tailwind to surging NZX volumes

By Paul McBeth | Wed, 06 Nov 2019


The entrance of micro-investment platform Sharesies to direct NZX share trading helped more than double volumes on the exchange last month. Share trading had already been on the rise in recent months due to a new pricing regime and rules that encouraged brokers to transact on market, with the number of equity transactions up 70 percent in the nine months through September compared to a year earlier.  The NZX's October monthly metrics showed another step up in activity with 561,997 trades completed, a 110.2 percent gain from October 2018....