At Sharesies, we’re all about empowering you to invest with confidence in whatever way works for you. We heard feedback that having access to more share price info would help you do just that, so we've launched NZX market depth!
Introducing NZX market depth
Subscribe to NZX market depth for $10 per month (you get your first month free!) and get heaps more, up-to-date info when you’re buying or selling shares. With NZX market depth, you can:
Quickly see if there are shares available at the price you want to buy at, or if there are buyers waiting at the price you want to sell at
Check details of the price per share, number of shares, and number of people who want to buy or sell at each price
Get an idea of where your order might go in the queue
Why should I subscribe to NZX market depth?
If you’ve ever wondered how the price of a share is decided, NZX market depth has your answer. On an exchange (like the New Zealand Stock Exchange), there are investors lined up wanting to buy and sell shares. This line-up is called the ‘market depth’!
On one side of the depth are buyers, starting with the buyer who’s willing to pay the most per share (the Bid). On the other side are the sellers, starting with the seller who’s willing to accept the lowest per share (the Offer). A trade happens when a buyer and seller agree on a price.
In Sharesies, NZX market depth looks like this:
Being able to see how many buyers and sellers there are at a particular price helps give an indication of:
Where other investors’ orders are
How liquid a share is at any point in time (‘Liquid’ shares are traded regularly and can be easier to sell. ‘Illiquid’ shares trade hands less frequently and can take longer to sell.)
The likelihood of your buy or sell order going through at a particular price
How do I subscribe to NZX market depth?
You can get unlimited access to NZX market depth for $10 per month (you get your first month free!). This is charged to your Sharesies Wallet one month after the day you subscribe to NZX market depth, then every month after that, if you’ve got auto-renew turned on.
To subscribe to NZX market depth, go to Settings > Subscription.
If you have any questions or feedback about NZX market depth, head to our help centre or email us at [email protected] Happy investing! 💖