600 brand new stocks šŸš€ 28th OCTOBER 2020

I kind of asked about this earlier, but didn’t get an answer. I’m curious as to what Freetrade has to do on their back end to make a given company’s shares available to us. Technically speaking. Even though it would be over my head, I’m curious.

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Wouldn’t that be awesome?

Some stocks represent technical challenges, e.g. we’d 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.

It’s 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.

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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, that’s on them, no?

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Unfortunately

That’s never going to happen and if it did it still wouldn’t represent a real possibility to those with small amounts of cash to get in on the ā€œbottom 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 there’s 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 don’t think that’s 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 don’t think is an insurmountable barrier providing the regulator is sighted from the start)

As much as this may seem sensible, I don’t think it’s a good idea. The idea of Freetrade is to make investing easy for novices. I get a little frustrated when a limit order doesn’t execute for a smaller company, such as NSF or RBG. They’re 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 can’t sell some stock they bought doesn’t 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.

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Well said - can you imagine how many posts we’d see in here when people complain about their market orders not going through for a micro cap. Would definitely put people off who don’t appreciate/understand the issue of liquidity with small stocks.

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Hopefully there is a solution to this a part from not offering low liquidity stocks at all

I can’t 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 :man_shrugging:

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That’s a simple great idea.

I’ve asked for these for ages… 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 day…

I would appreciate if you can add The Very Good Food Company (VRYYF)
Thank You

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We’d love to! It’s an over-the-counter traded security we don’t support quite yet.

@sam @viktor are we getting a new batch today? Need a distraction from the current madness

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We’re working on a small, but long awaited batch. :wink:

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Nat dec? :smile:

i would appreciate if you could add Airbus stock (EPA:AIR)
Thank You

That’s a European stock that we, unfortunately, need some more time to implement. :pray:

Can we have Lightspeed Tickr LSPD

O :crossed_fingers: