Quote Originally Posted by peat View Post
Yes there is of course but the cost (not always $ cost) of divvying up parcels into less than $500 should fall on Sharesies administration not on NZX
I reckon they NZX caved in because they are shrinking from no new listings and needed revenue so badly that they couldn't negotiate a good deal with Sharesies. But hey pure speculation on my part.....
The question I have though Peat, is is there a cost to the NZX of having a bunch of small trades go through? I understand in the past that brokers were not happy with odd lots as there was a lot of registration and administration to contend with (especially before CSN). But now with shares held in nominee by Sharesies, I fail to understand the cost that is imposed on the NZX for the small parcels that go through the screen. Maybe a bit of bandwidth but apart from that nothing else.