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30 Jan 2013 (AFR) – Holidaymakers’ online trade cheers Nabtrade

[COMMENT: Online traders… some market share figures for the big brokers.]

(30 Jan 2013, AFR, p20, Duncan Hughes)

‘Slip, slap, slop and securities have been keeping holiday-makers busy during the festive and holiday season, with some of the major banks claiming a big pick-up in online trading volumes.’

‘Nabtrade, the sector’s fighting minnow with just 4 per cent of the market, says volumes have increased by 600 per cent in the two months following its relaunch that offered snappier technology and competitive pricing. General manager Nathan Walsh says: “We want to be the attacker brand.” CommSec, which has about 60 per cent of the market, also said there had been an increase in customers, augmented by about 150,000 downloads of its mobile applications during the past six months.’

<snipped…>

‘The online broking market in Australia has about 615,000 active users, according to Investment trends. Westpac has about 9 per cent and ANZ’s E*Trade about 18 per cent.’

Read more at AFR.com (might need AFR login access)

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