The trading
and investing platform eToro, announced today (Thursday) an expansion of its UK
stock offerings through a new partnership with the London Stock Exchange (LSE).
The collaboration will more than double the number of LSE-listed shares
available to eToro’s users, including its 3.8 million registered British
investors.
eToro Expands UK Stock
Offerings Through London Stock Exchange Partnership
The
platform plans to add over 1,000 new UK stocks in the coming months,
supplementing the 400-plus UK companies already accessible. This expansion aims
to provide users with a broader range of investment options, including smaller
stocks previously unavailable on the platform.
“Our
new relationship with the London Stock Exchange allows us to offer more than
twice as many UK stocks,” Dan Moczulski, UK Managing Director at eToro, commented.
“As we continue to enhance the local trading and investing experience for
our users around the world, relationships with exchanges such as the London
Stock Exchange will be crucial.”
The
partnership also promises to deliver higher-quality pricing data to eToro
users, potentially enhancing their ability to make informed investment
decisions. This improvement aligns with eToro’s recent efforts to localize its
offerings for the UK market, including the launch of an ISA product last year
and the gradual rollout of direct investments from GBP eToro Money accounts.
“We are delighted that eToro has chosen London
Stock Exchange data to power their trading and investing platform, delivering
better outcomes for eToro users looking to invest in UK-listed companies,” Geoff
Hammond, Head of Market Data at the London Stock Exchange, added. “We
continue to invest in our market data products to ensure investors have access
to the best information available when investing in our markets.
This is another product change following the introduction in May of the “Live Trades” feature, designed to provide valuable insights into transactions made by experienced traders using the platform.
Investors Want to Grow Capital Locally
The
expansion comes at a time when UK retail investors are showing strong interest
in locally-listed equities. According to eToro’s latest Retail Investor Beat
survey, UK-listed stocks are the second most-held asset class among UK retail
investors, surpassed only by cash holdings. The survey
also revealed that UK retail investors are more likely to favor the UK market
for long-term returns compared to other global markets.
“For
a long time we’ve offered leading global market coverage but we are now adding
more depth in local markets,” added Moczulski.
|
Sector |
% of global retail investors who |
Asset |
% of global retail investors who |
|
Financial |
61% |
Cash assets |
69% |
|
Technology |
40% |
Locally |
49% |
|
Energy |
35% |
Domestic |
34% |
|
Real estate |
33% |
Internationally |
31% |
|
Communications |
32% |
Commodities/FX |
26% |
A previous study by eToro revealed that retail investors are moving away from tech giants and diversifying their portfolios with other companies. The study found that 27% of retail investors plan to decrease their investments in the “Magnificent 7,” a group that comprises leading tech companies such as Amazon, Apple, Microsoft, Meta, Tesla, Nvidia, and Alphabet.
Meanwhile, eToro has entered into a collaboration with SDA Bocconi. This alliance is designed to enhance eToro’s role in Italy and Europe’s fintech landscape.
The trading
and investing platform eToro, announced today (Thursday) an expansion of its UK
stock offerings through a new partnership with the London Stock Exchange (LSE).
The collaboration will more than double the number of LSE-listed shares
available to eToro’s users, including its 3.8 million registered British
investors.
eToro Expands UK Stock
Offerings Through London Stock Exchange Partnership
The
platform plans to add over 1,000 new UK stocks in the coming months,
supplementing the 400-plus UK companies already accessible. This expansion aims
to provide users with a broader range of investment options, including smaller
stocks previously unavailable on the platform.
“Our
new relationship with the London Stock Exchange allows us to offer more than
twice as many UK stocks,” Dan Moczulski, UK Managing Director at eToro, commented.
“As we continue to enhance the local trading and investing experience for
our users around the world, relationships with exchanges such as the London
Stock Exchange will be crucial.”
The
partnership also promises to deliver higher-quality pricing data to eToro
users, potentially enhancing their ability to make informed investment
decisions. This improvement aligns with eToro’s recent efforts to localize its
offerings for the UK market, including the launch of an ISA product last year
and the gradual rollout of direct investments from GBP eToro Money accounts.
“We are delighted that eToro has chosen London
Stock Exchange data to power their trading and investing platform, delivering
better outcomes for eToro users looking to invest in UK-listed companies,” Geoff
Hammond, Head of Market Data at the London Stock Exchange, added. “We
continue to invest in our market data products to ensure investors have access
to the best information available when investing in our markets.
This is another product change following the introduction in May of the “Live Trades” feature, designed to provide valuable insights into transactions made by experienced traders using the platform.
Investors Want to Grow Capital Locally
The
expansion comes at a time when UK retail investors are showing strong interest
in locally-listed equities. According to eToro’s latest Retail Investor Beat
survey, UK-listed stocks are the second most-held asset class among UK retail
investors, surpassed only by cash holdings. The survey
also revealed that UK retail investors are more likely to favor the UK market
for long-term returns compared to other global markets.
“For
a long time we’ve offered leading global market coverage but we are now adding
more depth in local markets,” added Moczulski.
|
Sector |
% of global retail investors who |
Asset |
% of global retail investors who |
|
Financial |
61% |
Cash assets |
69% |
|
Technology |
40% |
Locally |
49% |
|
Energy |
35% |
Domestic |
34% |
|
Real estate |
33% |
Internationally |
31% |
|
Communications |
32% |
Commodities/FX |
26% |
A previous study by eToro revealed that retail investors are moving away from tech giants and diversifying their portfolios with other companies. The study found that 27% of retail investors plan to decrease their investments in the “Magnificent 7,” a group that comprises leading tech companies such as Amazon, Apple, Microsoft, Meta, Tesla, Nvidia, and Alphabet.
Meanwhile, eToro has entered into a collaboration with SDA Bocconi. This alliance is designed to enhance eToro’s role in Italy and Europe’s fintech landscape.
This post is originally published on FINANCEMAGNATES.
