The Toronto-based fintech is offering customers the ability to buy portions of shares, in a move designed to make investing more accessible to regular consumers. (The Logic)
The Toronto-based fintech is offering customers the ability to buy portions of shares, in a move designed to make investing more accessible to regular consumers. (The Logic)
The Toronto-based fintech is offering customers the ability to buy portions of shares, in a move designed to make investing more accessible to regular consumers. (The Logic)
Talking point: This is good news for traders who want to own Amazon stock, but don’t have a few thousand dollars to buy an entire share. For now, however, the feature is available for just a handful of companies in a tech-heavy list that also includes Microsoft, Facebook and Shopify. “The ability to buy and sell fractions of stocks was one of the most frequently requested features,” said Robyn Ross, Wealthsimple’s chief core operations officer and head of trade, in a statement. With the new product, Wealthsimple is keeping pace with other online trading services such as Robinhood and Interactive Brokers, which both offer fractional share trades.
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