Aussie ETF industry breaks another record
Exchange-traded funds (ETFs) have continued on their growth trajectory as the Australian ETF industry broke new records last month, with a monthly funds under management (FUM) increase of $2.3 billion, BetaShares’ February Australian ETF Review has said. This figure eclipsed the previous record set in November 2017, and the industry now stands at $44.8 billion. […]
Splitit: why this payments company is dividing the market
The last time fund manager Dean Fergie’s cycling buddies had such a specific interest in the financial markets was during the bitcoin boom. “Two years ago, everyone was going, hey, what about bitcoin. Now it’s about Splitit – it’s the stock everyone is talking about,” says the Melbourne-based Cyan Investment Management director whose fund bought […]
Aussie online investors grow in Q4, despite volatile markets
Despite a relatively volatile market towards the end of 2018, online traders in Australia were not deterred, leading to an uptick in the population of online investors in the second half of 2018, according to the 2018 2H Online Broking Report by Investment Trends. Specifically, for the six months to December of 2018, the population […]
Saxo launches digital access to Chinese bonds
Multi-asset trading and investment fintech specialist, Saxo Bank has announced the addition of Chinese bonds to its offering, a move which will be expected to further cement its position as a gateway to China for its international client base. In 2017, the firm offered an opportunity for qualified institutional clients in Australia to trade mainland […]
ASX beaten to the blockchain punch by UK group Calastone
The ASX’s distributed ledger for clearing the equities market will no longer be the first time local fund managers rely on a blockchain to process their trades, after British-based Calastone revealed it will switch on its own distributed ledger technology (DLT) in May. Calastone, whose systems automate 80 per cent of Australian institutional fund flows, […]
Australian small cap investors should turn focus to tech
Australian small cap investors should turn their focus to the increased use of technology across the financial services sector, and the investment opportunity it presents, according to DNR Capital. DNR Capital’s Australian Emerging Companies fund portfolio manager, Sam Twidale, said traditional financial services companies in Australia had long benefited from favourable regulation, limited competition and […]
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 […]
myCryptoWallet introduces zero fee trading after bank scuffle
It’s back, but myCryptoWallet is still in the dark about its account cancellation. Late last month, the myCryptoWallet exchange found its NAB bank account cancelled without explanation, as has happened to many other exchanges before it. “We’re certainly not the first exchange to have our account frozen,” myCryptoWallet CEO Jaryd Koenigsmann said at the time. […]
