No banks. Electronically polling a wide RSP (market maker) network via a gateway and settling in Crest. Various details on this spread throughout the blog. Blog post on mechanics of trade and settlement on there soon. Head on over there and take a read. Freetrade Blog
@rob_h really looking forward to these blog posts.
Do you envisage a point in which offering Direct Market Access makes sense, as a value add to Alpha for example?
The blog post regarding trade and settlement got a little out of hand. If I wrote something super nerdy Iād alienate a great chunk of Freetraders who (quite rightly) donāt care about the behind the scenes boring stuff. I approached it from a different angle. I was over caffeinated.
Regarding DMA - all options on the table. If the user base demands it, if we can make it cost efficient, if it genuinely adds something etcā¦etcā¦ Boring none committal answer, I know.
Make your case. Send Viktor a massive, detailed email. His inbox is empty. Heād love the work.
Is it actually empty? I thought he is the one who gets bombarded the most.
We would prefer some boring stuff to read if the other alternative is just one article on Medium a week! Just disclose everything you have and we could at least read something on Friday afternoon .
haha, brilliant! Thanks for the answer @rob_h
And Iām with @Vlad, Friday and or travel reading is welcome. Youāll have an audience of two at least.
@Viktor standbyā¦
Agreed. @rob_h, it is about quality of the audience, not quantity. Make sure you post it before @Freetrade_Team starts mixing the drinks at 4!
His inbox is baron. Nothing there at all. Youāve never seen anything like it. His timeline,too ā¦none existent. He gets no @'s no ālikesā, no āthumbs upā and no āmentionsā. Show the guy some love people.
Yes, please!
DMA is a good question. Our ambitions are large.
My weekend program is sorted as is.
Massive number of people asking how they could invest in Freetrade as they missed it.
Letās start the bidding at a fiver a share
Iām already seeing a Ā£1 billion mcap
So letās start the bid at Ā£25?
@tommy and @Rob any plans to offer -
Vanguard Long-Term Treasury Fund - VUSTX
and
Vanguard Intermediate-Term Treasury Fund - VFITX
Weāll be expanding the universe based on demand - if youād like those, or any others to be considered, please fill out this form:
Awesome. I submitted a few of the most liquid ETFs in the US that werenāt in the sheet.
GDX, SLV, USO, DBO, DBC, XOP, EEM, XLF, IWM,QQQ, EFA, XLP, XLY, XLU, XME, XFI,XLV, IBB
Thanks @adavid, weāll take a look. However to manage expectations there is a bit of an issue with US ETFs at the moment in that they donāt produce KIDs, which are a requirement for any ETF sold to an EU retail customer.
This has resulted in a number of brokers delisting the impacted US ETFs. We are looking at options, but it seems likely that unless they begin to produce KIDs we will be limited on which US ETFs we can offer.
Any chance of getting the Coinshares crypto ETNs?
Iāve got a bunch in my SIPP so wouldnāt be able to move over from HL until you did (and until you offered SIPPs, obvs!)
Yes! Despite their Stockholm listing they can actually be traded through the London Stock Exchange. When weāre ready to expand the UK stock universe this should make them a formality, but as they settle in Euros / Krona it might need some extra attention.
Weāre on it though - a great way to get crypto exposure through the existing infrastructure.
Haha must agree, as excited as I am about using the app ā¦ holiday guys! Donāt want burn outs.
Haha, Iām here on a Sunday morning for the same reason you guys are.
Hopefully we arenāt reliant on Coinshares to add more. If any true ETFs come out they might even be ISAable
Can I request you add Monzo to the list ā¦
Well itās only a matter of time