Direct Broking to Jarden Direct to Hatch ?

[Waltzing]

Yes thats what they said this morning ... but you never know it might be terrible or slowly it might get better.

Jardens transaction models are broken anyway... we have a huge software module that caters for these broken transaction systems and we can adapt them for Hatch and maybe help investors out with their reporting if its required...

might be opportunities here in the future...

https://www.hatchinvest.nz/jardendirect-faq?utm_campaign=website&utm_medium=Email&utm_source=Sendgrid

[Basil]

Good luck but most of their employees will be flying blind in the main like ourselves at this point.

I think you will probably be right.  Might be time to move to a new airport with better air traffic control ?

[Basil]

If you accept the new T&Cs and consent to moving your cash and securities to Hatch (happening in a few months), there's nothing you'll need to do.

We'll take care of everything on your behalf to move:

Your investments, including any held on CSN and HIN
Any cash or deposits, which we'll transfer securely

Got all the makings of a proposed custodial service where shares owned in your own name are moved to Hatch and owned by a Nominee company.

That's looking like a really big "IF" for me.  Beagles are control freaks when it comes to where they bury their bones and who owns them.

This feels all wrong to me.  A huge move from Direct Broking to Jarden and all the endless crap that went with that and then really hard on the heels of that, now we are being asked to move soon to a new digital platform. 

They say Hatch will be your new home, or words to that effect.  We'll see about that.

[Azz]

Hatch has fast executions, low commission, and allows fractional shares.

[Breezy]

Hatch has fast executions, low commission, and allows fractional shares.

Not for NZX shares they don't and won't.

[Breezy]

Got all the makings of a proposed custodial service where shares owned in your own name are moved to Hatch and owned by a Nominee company.

That's looking like a really big "IF" for me.  Beagles are control freaks when it comes to where they bury their bones and who owns them.

This feels all wrong to me.  A huge move from Direct Broking to Jarden and all the endless crap that went with that and then really hard on the heels of that, now we are being asked to move soon to a new digital platform. 

They say Hatch will be your new home, or words to that effect.  We'll see about that.

Yep sounds like Hatchageddon incoming.

[Azz]

Not for NZX shares they don't and won't.

Ah I see!

[Azz]

Have they stated yet what trade commission will be?

[Waltzing]

Jarden says they dont know what they new platform looks like and we dont yet know what they might offer....

looks like jardens lost money on the new platforms and wanted to shut it down...

no commissons  being worked on... in other words the Hatch model for NZ might be changing a little to accomodate this move.. after all Jarden are a shareholder..

its a boardroom decision as Jarden direct was probably bleeding..

this gives Hatch more customers but they will have to offer a competitive rate to stop the flight.

ive told them this morning that you are all very vocal and they did say there InBox is fuill.

WZ.

[Breezy]

Jarden says they dont know what they new platform looks like and we dont yet know what they might offer....

looks like jardens lost money on the new platforms and wanted to shut it down...

not that is being worked on... in other words the Hatch model for NZ might be changing a little to accomodate this move.. after all Jarden are a shareholder..

its a boardroom decision as Jarden direct was probably bleeding..

WZ.

Of course as it took them 3 yrs and millions of wasted dosh to create the current dogs breakfast which is hugely worse than the old site, they only make money from their frequent traders, most of their clients are loss making so a fee charged for custodial will increase revenue.

[Basil]

ASB securities to be the big winner from this looming fiasco ?

[Azz]

Why not give Hatch time to provide this new offering? It seems a bit unfair to complain about something that hasn't happened yet.

[Waltzing]

actually like the new jarden site... runs well on a phone and is  huge improvement over the old site...

the old site did run better over lower band width..

it the transaction files that are not up to snuff as Howard H says in the movie...

yes need to see whats on offer from all sources as the landscape consolidates ..

the aweful custodial model of sharZY has basically changed the market...

but if a lower brokeage can be offered then trading volumns can move up and maybe orders can be computer generated by software which would suit us... no more order typed in by manual devices once you have a REST API certificate.

[Breezy]

actually like the new jarden site... runs well on a phone and is  huge improvement over the all site...
it the transaction files that are not up to snuff as Howard H says in the movie...

yes need to see whats on offer from all sources as the landscape consolidates ..

the aweful custodial model of sharZY has basically changed the market...

Its poorly formatted for phone use compared to the old site.

[Waltzing]

yes the old site was very nice on all devices due to its layout and lower graphics over head..

its really a person choice thing one supposes. the plain and simple interface allowed for fast access..

but it not a REST API site and that is the future and no one provides one yet...

google rest secure access to data driven services has been around for a long time...

imagine no one wants to cater for it as it would automate the floor and mean market price flash crashes would happen frequently and lead to algo  driven trading..