NZX - NZ Exchange

[stoploss]

Volume and activity so pathetic on NZX they only need to open for a few hours everyday in the first place,

11am to 3pm would suffice.

With a couple of hours off for lunch of course

[44wishlists]

With a couple of hours off for lunch of course

And don't forget their afternoon tea break, as well as the time loading up Internet Explorer on their Window XP

[bull....]

no wonder sharesis is having a big impact on volumes on the nzx its brokerage is cheapest out there.

Sharesies charges significantly less than other DIY broking platforms, with no minimum charge and a 0.5 percent fee for orders up to $3,000, and 0.1 percent above that. On the average value traded, that would be a $1.10 broking fee compared to the $15 that the likes of ASB Securities would charge or direct broking

http://www.sharechat.co.nz/article/4...x-volumes.html

[dagdaniel1]

no wonder sharesis is having a big impact on volumes on the nzx its brokerage is cheapest out there.

Sharesies charges significantly less than other DIY broking platforms, with no minimum charge and a 0.5 percent fee for orders up to $3,000, and 0.1 percent above that. On the average value traded, that would be a $1.10 broking fee compared to the $15 that the likes of ASB Securities would charge or direct broking

http://www.sharechat.co.nz/article/4...x-volumes.html

Mmm, sounds like the other brokers could look at lowering their fees

[oldtech]

Mmm, sounds like the other brokers could look at lowering their fees

Occasionally I receive a survey from ASB who I use, and I suggest this every time ... trying my best

[sb9]

Occasionally I receive a survey from ASB who I use, and I suggest this every time ... trying my best

I tried to negotiate a better fee deal with them few weeks back (they do get a decent business out me annually), but they wouldn't corm to the party. Too bad have taken away my broking elsewhere.

[bull....]

i used to do all my aus stock trades thru nz brokers but now do all asx trades thru asx brokers at .1%. saves me a heap of money

[RTM]

Sharesie…..can't recall....do you actually hold the shares yourself like Direct Broking ? Or is it custodial ?
I'm still suffering from my ongoing experience with Halifax. Once bitten...….well....I'll just keep paying my $30 and change.
I'm not a trader so its not a train smash in the context of things.

[oldtech]

Sharesie…..can't recall....do you actually hold the shares yourself like Direct Broking ? Or is it custodial ?

From what I read it's custodial ... which doesn't appeal to me either.

https://www.sharesies.nz/how-it-works

"We use Sharesies Nominee Limited to hold your money and investments on bare trust for you. Sharesies Nominee is separate from the daily business operations of Sharesies Limited. This means your money is held separately to the money Sharesies Limited uses to pay staff, and buy office stuff, like stationery and coffee."

[bull....]

not a big fan of custodial either