Tiger Brokers wants to become a one-stop shop for New Zealand customers with the introduction of NZX-listed equities and ETFs on its platform.
From today, traders on the online broker’s platform will be able to access the 178-odd stocks and ETFs listed on the New Zealand market, in addition to the array of 7,000 global options already available.
Tiger Brokers’ chief strategy officer Greg Boland says the addition of locally-listed equities and ETFs rounds out the platform’s offering as well as answering a call from potential customers who want to trade NZX.
“A lot of people say, ‘I'm happy to trade through you guys, but you don't offer NZX’,” says Boland. “They say ‘when you offer NZX we’ll sign up’, because they know they can put everything in one basket.”
Tiger Brokers has long marketed itself as the low cost option in the market, and Boland hopes the new offering can help to solidify Tiger Brokers’ place as a mainstream player.
“We have been for, for a long time,” he says. “It's just a matter of people understanding how our system works.”
Boland says unlike other share trading platforms, Tiger Brokers offers leverage of 4:1.
“And also we offer the ability to go short, but that's not going to happen necessarily in New Zealand to start with,” says Boland. “Might happen some time in the future, but being able to buy stocks with leverage, and then also being able to do options and futures, and all of it on one site.”
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