Institutional-level functionality for retail share traders
Marketech Focus today launched its newest premium ASX trading platform, created to deliver on a single proposition; provide market-leading trading tools and fairer fees to active ASX investors who want more from their broking platform.
A fairer deal for serious traders
Marketech Focus was born out of an intense frustration about the current trading platform market. At one end, legacy players charge high trading fees to large, docile customer bases, and at the other end, a raft of new entrants are launching cheap and cheerful platforms, that offer little beyond access to ASX.
The team at Marketech, which has been building institutional trading technology for over 20 years believed there to be a better way, so they built it.
In response to the unfair nature of traditional trading pricing, where frequent traders can spend tens of thousands a year just on fees, Marketech has established a model built to reward active traders, rather than punish them.
Marketech Focus also looks to realise the untapped potential of serving active, serious traders who demand high-end functionality. The powerful new offering strongly differentiates Marketech Focus from its competitors, by providing streaming real-time pricing data, information and trading tools that enable greater insight, control and transparency over trading decisions, even on mobile devices.
Real-time streaming pricing provides a powerful edge because it is often restricted to institutional investors via professional platforms and is rarely achieved on mobile.
It’s this combination of fair fees and fully specced functionality, that gives active investors a new, better choice.
Growth through partnerships
In a sign of the confidence the market has in the platform, Marketech also announced today a new partnership with portfolio management company Sharesight.
Sharesight’s tracking products allow investors to know instantly how their portfolios are performing, track dividend payments and prepare tax reports by simply linking their Marketech account.
Marketech Focus’ managing director, Travis Clark, said today: “Our feature-set, especially streaming real-time pricing, lifts Marketech to a new level of functionality and sophistication not available to most retail traders at this price point and rarely provided by our competitors.
“This plugs a gaping hole in the online share trading market because no other mobile broker offers such service rich functionality, whilst offering a fairer fee structure for active traders. It clearly lifts us above opportunistic new share trading apps that typically only offer fairly basic services.”
“The partnership with Sharesight is especially important to us. Technology should improve investors’ access to information and maintain protections whilst also keeping the price low. We are constantly reviewing best-in-breed third parties to enhance our platform and Sharesight is a perfect fit, providing yet another feature not often provided by our competitors.
Doug Morris, CEO of Sharesight added, “We are excited by this partnership with Marketech Focus. Self-directed investors seeking clarity on the performance of their portfolio will benefit from this integration. It also showcases the technical capabilities of our API. We welcome Marketech Focus’ clients onto the Sharesight platform.”
Active traders looking for something more from their trading platform can choose between two offerings, both of which provide access to live ASX pricing and settle via individual HIN and individual Macquarie Bank cash management accounts.
‘FocusLite’ was created with lower volume traders in mind and offers free monthly access and minimum brokerage charges of $10-per-trade or 0.04%. Users can click to refresh real-time pricing and receive live news headlines, as well as full function technical charting.
The foremost offering, ‘Focus’, is specifically designed for serious, active traders and has a $45 monthly subscription, allowing for live ASX data streaming, a minimum $5 or 0.02% brokerage rate and additional premium features. It’s pricing model allows traders to reduce their brokerage in most cases, while increasing the tools at their disposal.
Mr Clark said that FocusLite was for people who trade a little each month, while Focus was for higher volume or frequency investors who typically would view volatility as a buying opportunity. “They want access to their capital and they want to move quickly.”
“Focus is a service for people who are market educated and well informed. It delivers a better trading experience, and it is an important tool in helping people achieve their investing goals.”