Cheap online broking platforms will continue to grow, disrupt large players in the ‘new COVID era’: Datt Capital
SelfWealth (ASX: SWF) an outstanding growth opportunity
The effect of COVID-19 enhanced trading volumes by retail investors combined with a structural shift in the Australian online broking markets has led to smaller broking platforms like SelfWealth outperform larger competitors this year.
Emanuel Datt, Managing Director and Chief Investment Officer, Datt Capital notes: “Most low cost online trading platforms witnessed strong growth this year. We believe this growth cannot be looked at in isolation but is a validation of the structural shift we see in the Australian online broking markets.”
An outstanding example is SelfWealth, says Datt.
Full Media release below