Stake: The Platform for Ambitious Investors
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Stake is an Australian investment platform that was founded by Matt Leibowitz and Dan Silver in 2017 to break barriers for ambitious investors. It was created on the idea that everyone should have the same level of opportunities to grow their wealth and become financially independent.
Since 2017, Stake has grown to serve more than 500,000 customers across Australia, New Zealand and the UK, with more than AU$3 billion in assets under administration. Stake secured a $90 million Series A funding round in May 2022 and is backed by major investors including Tiger Global and DST Global.
Creating Access and Flexibility
Stake provides seamless access to the U.S. markets, $3 CHESS-sponsored ASX and Cboe trades, and Stake Super an intuitive, hassle-free self-managed superannuation fund (SMSF) platform. It recently launched Extended Hours, giving investors more flexibility to trade the U.S. markets on their own schedules with more than nine hours of additional access per trading day.
Utilizing Cboe’s Market Data
Cboe’s EDGX® equities data feed fuels Stake’s U.S. offering across 9,500 listed instruments. These feeds enable real-time, top-of-book pricing, so that customers can get an accurate view.
This also played an important role in Stake’s Extended Hours product.
Alex Robertson, Head of Product at Stake said, “U.S. markets offer an unrivaled number of investment opportunities, but time zones have historically made it difficult for our Australia and New Zealand customers to take part. Cboe’s real-time data feeds have enabled us to build a reliable, streamlined Extended Hours offering, leading to significant increases in app engagement and positive customer feedback.”
The Future
“We are currently in the process of revamping our entire global market data structure, which has been kicked off with the integration of the Cboe feeds to our U.S. product,” Robertson continued.
Next, Stake plans to further integrate information such as instrument fundamentals, news, analyst ratings and other core trading data. The goal is to make sure customers are getting the best experience possible, delivered in the unique Stake way.