How has Trading Changed for Millennials? Technology Taking Charge in Shaping Trading Habits

  • Aug 10, 2020 AEST
  • Team Kalkine
How has Trading Changed for Millennials? Technology Taking Charge in Shaping Trading Habits

Summary

  • Stock trading has evolved over several years from manual paperwork to just click/tap game, and technology has played an imperative role in this dramatic transformation.
  • The changes in the ways of undertaking stock trading is in tandem with the changing habits of the millennials and modern-day traders.
  • Several online trading platforms, especially Marketech Focus, allow users to get the most out of their fast-moving lives and limited time.
  • These preferences entail on the go access, simple to use, latest market information, all at one place.

Undoubtedly, stock trading has evolved from simply buying and selling stocks to a more encompassing activity that allows a real-time experience and access on the go. For over several decades, stock trading has been playing a significant role in the modern-day business world.

More importantly, stock trading has evolved at a rapid rate, and the constant effort towards the change has made stock trading a much different proposition as compared to what it was several years ago.

Technology has played a pivotal role in deriving exceptional transformation to the practices of stock trading and has offered a great platform for the millennials to step up in the game.

Related: Technology Takeover and the Need for a Fast and Sound Trading Platform; A Lens Over Marketech

The participation of millennials in the investing game has increased, more so during the lockdown phase. Moreover, millennials are believed to be more tech-savvy investors as compared to the retail investors that lasted till around a decade ago.

The traditional way of stock trading that was employed at the time of inception was a very rowdy experience with lots of shouting and noise and required a lot of manual paperwork upon each trade to make it official.

However, modern-day trading has seen a tremendous transformation from being physically present at the stock exchange floor for trading, to doing everything from their own mobile phone as well as on the go. The governing role that technology has played in bringing about this transformation is remarkable and has laid the foundation for quicker order execution, minimised human error, and a better ability to research the up-to-date news or information related to companies.

Times have changed, and people are now moving towards a simple, easy to use, feature-loaded, low-brokerage online trading platform.

One such online trading platform offering is Marketech Focus which is a contemporary ASX trading platform designed to trade anywhere and at any time with a low brokerage. Let us look at some of the features of Marketech Focus that position it uniquely amid so many trading platforms available in the market.

Did you watch: Introducing Marketech Limited

Similar features on Different Versions

More importantly, Marketech Focus is an intelligent trading platform that is designed to offer all the information users need on their PC and their mobile.

Desktop vs Mobile Version of Marketech Focus (Source Marketech Website)

Desktop vs Mobile Version of Marketech Focus (Source Marketech Website)

Often, trading platforms offer a good desktop version; however, they do not have a mobile version with similar features or have reduced functionality. This is not the case with Marketech Focus. The trading platform, Marketech Focus, was designed to be used through mobile as well as desktop through the same format.

Users can access their trading information and the latest events in the market through logging into the platform as and when required. While at home or office, a user can log in through desktop and while travelling or away from home/office, users can log in through their mobile phones to keep up to date with the market.

As lives in contemporary times have become comparatively faster, millennials who are seeking to trade online look for options that add value. Feature loaded trading platforms, along with additional functions and ultra-low brokerage are the need of the hour.

More at: Marketech Focus, A Modern-Day ASX Trading Platform Benefitting from Increased Traffic on Trading Platforms

Low Brokerage and On-Demand Features

Another major concern for a modern-day investor is the brokerage charged for the transactions. Marketech Focus is a nice and simple platform to trade ASX shares with no hidden fees, no lock-in contracts, no interest scraping.

Primarily, Marketech Focus allows users to access ultra-low rates of brokerage and any interest earned by the users on their cash is paid back directly to them. Moreover, users are allowed to hold cash in their own Macquarie Cash Management Account and in their own name.

Customisation and personalisation are other aspects that a contemporary trader focuses on. Marketech Focus is packed with features that the casual user would expect as standard, even in its lowest-cost version.

Furthermore, coming soon, users will be able to opt for additional features on-demand on the basis of a package that suits the user’s needs or budget such as Chi-X pricing and live-streaming pricing.

Interesting Read: Getting Acquainted with Marketech Limited and its Modern Trading Platform, Marketech Focus

Appetite for Latest News

In addition to this, modern-day traders have access to a wide variety of market knowledge and insights just a click away to make an informed decision for buying and selling stocks. Marketech Focus offers information about listed companies including share price, news headlines and price history charts.

Various types of charts help traders to understand the trends in the market, and users can personalise which information to receive through notifications and alerts. Marketech Focus keeps users updated with the latest market events, and users can also personalise to receive notifications for any movement in the stocks.

Along with this, the intelligent platform also allows users to receive updates on the stocks that users follow.

To sum up, Marketech Focus meets the needs of a modern-day trader who is hungry for superior execution laced with tech-enabled feature-rich trading platform.

 


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