Published in Fintech Business on 27 July 2021
As the COVID pandemic sees first-time retail investors explode in number and online trading start-ups race to become “the next Robinhood”, which platforms will remain standing when the current market bubble bursts?
With more consumers staying at home and plugging into the online world as a result of the COVID crisis, Australia’s retail investment market has doubled in size, according to online trading platform Marketech.
“Before the COVID pandemic there were approximately 700,000 retail investors. Today, just 18 months later, there are close to 1.4 million. That is 700,000 new investors in just 18 months,” the group’s chief executive Travis Clark said.
With this explosion in investor numbers has come a similar rise in new trading platform launches, as start-ups in the fintech space look to take advantage of an increased interest in trading among Millennials in particular.
However Mr Clark warned with a flood of new options coming to market, not all platforms were equal.
The full article can be found at: https://www.fintechbusiness.com/wealth/2078-how-australia-s-retail-investing-bubble-could-play-out