ASX tech upgrades hit their stride and pay
The Australian Securities Exchange (ASX) has continued its all-out push to achieve regional digital superiority as a multi-pronged trading technology platform, revealing a major foray into analytics, machine learning alongside its migration to blockchain for settlements. The Australian market operator on Thursday added substantial icing to its cake alongside its push into distributed ledger technology […]
Is it time Australian investors bought into the fintech story?
By George Lucas, MD/CEO, Raiz Invest Tell Australian investors that a hole in the ground could prove to be the next El Dorado and they will fall over themselves to push a one-cent share into the stratosphere. But tell them about an exciting high-tech venture that is disrupting the market and you can hear the […]
Afterpay challenger Splitit up 90 per cent on first day of trade
Israeli fintech start-up Splitit has got the tech initial public offering market off to a cracking start for the year, with the payments-splitting company jumping 90 per cent on it first day of trade. Having raised $12 million and listed with an issue price of 20¢ on Tuesday, Splitit ended the day at 38¢, giving […]
Faster, cheaper: blockchain breeds competition
Blockchain technology has the potential to provide superior post-trade infrastructure to investors. Fund managers will soon be enjoying faster and cheaper transactions than what monopoly incumbents such as the ASX offer, thanks to competition, a tech company boss predicts. The post-trade world is “very, very expensive relative to the work that is performed”, says Peter […]
Afterpay buy now pay later rival Zip favoured by investor Philip King of Regal
Shares in Afterpay Touch have doubled in the past 12 months as Millennials lap up its buy now, pay later solution to spending and now some investors are hoping its major rival, Westpac-backed payment provider Zip Co, can follow that lead. Regal Funds Management chief investment officer Philip King describes Zip as a “high-growth company […]
More investors taking on smart beta ETFs
Research from VanEck reveals that investors are increasing their allocation towards smart beta ETFs, as opposed to market capitalisation and active strategies. Smart beta cumulative net flows as a percentage of total flows has grown from 11.7 per cent to 21.7 per cent between 2016 and 2018, according to VanEck’s ETF IQ Scorecard for December […]
ASX says shock departure of blockchain guru won’t affect its rollout
The Australian Securities Exchange (ASX) said its plans to switch over to blockchain technology are on track despite the surprise departure of high profile chief executive Blythe Masters from its tech partner Digital Asset Holdings (DA). Ms Masters, the high-flying JPMorgan Chase executive who was part of the team credited with the creation of credit […]
Australia’s ETF industry set to grow in 2019
Australian exchange traded fund (ETF) industry is expected to see further growth in 2019, with increased allocations to fixed income ETFs, according to BetaShares’ annual predictions. This year to November, the Australian ETF industry finished the month at $41.1 billion, up from $35.5 billion in 2017. BetaShares identified three major predictions which would be expected […]
