sharesies.nz

[peat]

I tend to disagree with you on this one Peat. Technology has allowed the minimum parcel sizes to be redundant. I too used to know the term "odd lot".

Unfortunately it is the NZX that is not up to the party here trying to run a modern system on old hard/software. The NZX have made Sharesies a market participant.

If technology had made it the concept of minimum parcels redundant then its quite likely we wouldn't be having these problems would we?

Although I do agree that NZX have miscalculated regarding the impact Sharesies has had so ultimately it is their fault and not Sharesies. Exchanges should be able to cope with much larger volumes than their daily averages
But I still think its worthwhile some cantankerous old rissole like me pointing out where the problem (probably) arises from.

And I've also pointed out - sometime before the Corona crash - that all these tiny investors signalled the end of the bull market. Oddly they are staying around tho so clearly we have a lot further to fall.