A new ASX trading platform from Marketech Focus has been launched to put the tools used by institutional investors, such as real-time pricing data and low-fee trading, in the hands of everyday shareholders.
The Marketech platform, which was born out of frustration at the current technologies available for retail traders, is positioned to offer significantly fairer trading fees than a large variety of legacy service providers.
The trading services provider offers two discount-price plans. FocusLite, which is designed for lower volume traders offers free monthly access and minimum brokerage charges of $10-per-trade or 0.04%.
Its other product, known as Focus is intended for active traders and has a $45 monthly subscription with a minimum $5 or 0.02% brokerage rate.
While a large number of competitors have recently emerged offering low-cost execution-only trading services, Marketech Focus managing director, Mr Travis Clark said the company has further sought to differentiate itself by offering advanced technology.
The platform offers real-time prices, is available on desktop as well as mobile and is also able to empower traders with advanced tools providing greater insight, control and transparency over trading decisions.
“This plugs a gaping hole in the online share trading market because no other mobile broker offers such service rich functionality, whilst offering a fairer fee structure for active traders.
It clearly lifts us above opportunistic new share trading apps that typically only offer fairly basic services,” Mr Clark said.
He added that the Marketech Focus team has been building institutional trading technology for over 20 years and intends to take advantage of a major opportunity to bring this technology to retail investors.
In addition to launching the platform, Marketech has also announced that the company has entered into a partnership with portfolio management company Sharesight.
Sharesight’s tracking products allow investors to know instantly how their portfolios are performing, track dividend payments and prepare tax reports by linking their Marketech account.
Commenting on the partnership Mr Doug Morris, CEO of Sharesight said: “We are excited by this partnership with Marketech Focus.
“Self-directed investors seeking clarity on the performance of their portfolio will benefit from this integration. It also showcases the technical capabilities of our API. We welcome Marketech Focus’ clients onto the Sharesight platform.”