Originally Posted by
BlackPeter
Hi mylovelyday - and this despite it being grey outside ...:) :
Welcome to the forum and - good first post (and thread!)
Looking at your experiences with Direct Broking ... yes, they are probably not a very good platform for somebody with a main focus of short term trading and requiring split second trade execution. Having said that - I think ASB is the only comparable alternative for trading NZ shares ... and while I never used them myself, I have not heard their users singing their praise from the rooftops either.
If you are an investor with a long term horizon (I am), than you probably will find that Direct Broking's service is normally not bad, and I remember several times when they e.g. called me to enquire whether I still want to sell on a pending SELL order when the company put out a positive announcement. I thought that this was good service, saved me over the years some bucks.
Unfortunately - I can't recommend any better and / or faster real time trading service for the NZX, but maybe somebody else can. The only other question I would have ... if you are one of the traders who lives of momentums and nano-seconds from your decision to SELL or BUY - are you sure that trading on the NZX is the best method to apply your skills and desires?
I would think that short term trading would work much better on the US market, some European markets or on the ASX. Much higher volumes and not just brokers able to accommodate these types of trades, but as well Stock Exchange platforms which don't crash on the first southerly blowing threw the internet.