I kind of asked about this earlier, but didnāt get an answer. Iām curious as to what Freetrade has to do on their back end to make a given companyās shares available to us. Technically speaking. Even though it would be over my head, Iām curious.
Wouldnāt that be awesome?
Some stocks represent technical challenges, e.g. weād love to add all instruments traded on the London Stock Exchange, but not all of them are traded frequently enough.
When they are not, you would experience rejected trades.
Itās an example of some of the technical issues we have to work through to make everything available to you.
The vision is to make everything in the world accessible.
Then we can worry about phase two, advocating for more companies to go public, earlier, so not only a few people have access to their growth potential (such as VCs), but we all, too.
Could we please have guildeaport for free members as well.
Is it not worth just adding them and flagging them as illiquid? If people knowingly want to try and buy or sell an illiquid stock, and get rejected, thatās on them, no?
Unfortunately
Thatās never going to happen and if it did it still wouldnāt represent a real possibility to those with small amounts of cash to get in on the ābottom step of the ladderā. For the majority of them, by the time a company trades publicly most of the growth is already materialised carved and punted out and people who now hold those assets want to sell them like thereās no tomorrow.
I think to truly give more people access to this type of investment you either need to
A) create a new asset class (and before people start shouting I donāt think thatās too far out an idea to pitch to regulators
B) start operating as something different than what you do at the mo and onboard companies at earlier stages (which again I donāt think is an insurmountable barrier providing the regulator is sighted from the start)
As much as this may seem sensible, I donāt think itās a good idea. The idea of Freetrade is to make investing easy for novices. I get a little frustrated when a limit order doesnāt execute for a smaller company, such as NSF or RBG. Theyāre not traded as frequently and so it happens. I understand that. Adding companies that Freetrade themselves deems less frequently traded and trying to explain to a lot of newbies why they canāt sell some stock they bought doesnāt sound fun. I think it would massively increase the volume of messages to customer services and it would probably be more sensible to add companies on a weekly basis and to know trading in them is supported and more likely to go through.
Well said - can you imagine how many posts weād see in here when people complain about their market orders not going through for a micro cap. Would definitely put people off who donāt appreciate/understand the issue of liquidity with small stocks.
Hopefully there is a solution to this a part from not offering low liquidity stocks at all
I canāt predict the future any more than you, but I would like to believe the in-app messaging could be clear enough to prevent extra contact. Its not rocket surgery
Thatās a simple great idea.
Iāve asked for these for agesā¦ HARP, KPTI, ORTX, AUTL, QURE, FRLN.
I can see all these stocks on Trading 212 and they have a tendency to add requested stock within one dayā¦
I would appreciate if you can add The Very Good Food Company (VRYYF)
Thank You
Weād love to! Itās an over-the-counter traded security we donāt support quite yet.
Weāre working on a small, but long awaited batch.
Nat dec?
i would appreciate if you could add Airbus stock (EPA:AIR)
Thank You
Thatās a European stock that we, unfortunately, need some more time to implement.
Can we have Lightspeed Tickr LSPD
O