Performance & tax reports now in XLSX format

Once your historical trading or opening balance data is loaded into Sharesight, the next step is running powerful performance and tax reports. And while most people are happy to simply view these reports within the Sharesight app, others also like to download the spreadsheet or PDF reports and archive or print them out. This is especially the case for our Pro clients, who appreciate being able to customise the reports with their company brand and contact information.

XLSX format

Up until now, Sharesight’s spreadsheet reports could only be opened in Microsoft Excel – an issue for individual investors who didn’t own Microsoft Excel (and didn’t want to shell-out the $100 or so to buy it). The good news for these clients is that our developers have recently switched to the OpenXML (XLSX) format. This file extension can be opened on multiple spreadsheet applications, including Microsoft Excel and many free platforms including Apple NumbersGoogle SheetsLibreOffice, and OpenOffice.

Got ideas on how to make Sharesight even better? Get in touch via our forum, we’d love to hear from you!

NEW: Track the Swiss & Tokyo stock exchanges

In August we announced support for 3 additional stock markets – Singapore, Frankfurt and Johannesburg. This week, we released 2 more:

  • Swiss Exchange (SWX)
  • Tokyo Exchange (TYO)

Track the Swiss & Tokyo stock exchanges

As always, Sharesight will automatically load past corporate actions including dividends and share splits for holdings from these new markets. And Sharesight leverages a daily foreign exchange feed (FX) to automatically convert the prices and valuations of your holdings from their listed market to your portfolio’s base currency. It’s yet another way that Sharesight alleviates traditional portfolio admin headaches.

Screenshot: Track the Swiss & Tokyo stock exchanges

We added the Swiss & Tokyo stock exchanges based on client demand, so if there’s a stock exchange you’d like to see tracked on Sharesight please get in touch!

CMC Markets Stockbroking Pro Platform Launch

We were lucky to be invited to the CMC Markets Stockbroking Pro Platform event launch last night. Held on the top-level of the Museum of Contemporary Art and overlooking Sydney’s iconic harbour, it was the perfect setting to reveal Australia’s next generation share trading platform.

CMC Pro Platform

As Andy Rogers, Director of Stockbroking explained, the new Pro Platform is Australia’s first HTML5 trading platform. This is a big deal because it leverages cutting-edge technology that is lightning-fast and doesn’t require any special plugins to run. (If you’ve ever suffered through the latest Flash installation, you’ll appreciate what we’re talking about.)

Being a tech company, we know how stressful it can be to perform a live demo, but Head of Product Development Ryan O’Doherty pulled it off without a hitch. He showcased the power of the HTML5-driven platform by demonstrating how easy it is group, resize, and drag & drop content to suit your particular trading needs. With 95 technical indicators and 35 drawing tools, this is the first time this level of charting power has been available for Australian retail traders. And with close to 100 possible customizations, the new Pro Platform makes it quick and easy to monitor the market. Add to that embedded investing research from Morningstar, Reuters and theScreener and you’ve got a very powerful trading platform, which as The Australian put it, will help investors to “sort the signal from the noise“.

CMC Pro Platform Launch

CMC Head of Product Development Ryan O’Doherty, demonstrating the new CMC Pro Platform

Typical brokers outsource their development so it’s refreshing to see CMC Markets Stockbroking doing their own development and building such a cutting-edge trading platform for the Australian market. From our perspective, we were blown away by its speed, as historical graphs were loaded and resized at the blink of an eye. We were also impressed to learn that it runs on no less than 28 APIs! That’s exactly the kind of connected ecosystem that many (including Malcolm Turnbull) believe to be the key to future growth and innovation – not just in fintech but for all tech-based industries. Speaking of tech, it was pretty neat to see the Pro Platform stations throughout the space, which allowed investors to have a play with the new platform right then and there:

CMC Pro Platform Launch

Testing-out the new CMC Pro Platform

We love CMC Markets Stockbroking. Like Sharesight, they’re focused on providing an innovative service at a fair price. They were our first brokerage partner and we continue to be great mates today. And while our contract note forwarding feature is nice, our API connection is what really sets our partnership apart. That’s because when you trade with CMC Markets Stockbroking, your trades are automatically sent to Sharesight within seconds. All CMC Markets Stockbroking clients can leverage this feature, but Premium Traders (who place at least 30 trades per month) have the added bonus of getting a Sharesight Investor plan for no cost, meaning they can access to up to three portfolios with unlimited holdings and trades on Sharesight as part of their CMC Markets Stockbroking package. If cutting-edge technology and low-cost trading & tracking is important to you, then we highly recommend checking them out.

For more information, visit the CMC Markets Stockbroking and CMC Markets Stockbroking Pro Platform webpages.

Thanks to CMC Markets Stockbroking for inviting us along to the launch of their innovative Pro Platform!

CMC Pro Platform Launch

Sharesight’s Angela Thompson &Vanessa Gorman, enjoying the view before the CMC Pro Platform launch

Auto-track your Suncorp trades

Last week, we announced our support of Select Equities & Credit Suisse contract notes. Today, we’re adding yet another name to our ever-growing list of supported brokers for automatic trade tracking: Suncorp.

Auto-track your Suncorp trades

How to automatically track your Suncorp trades

Sharesight can automatically record your Suncorp trades by reading the PDF contract note attachments that are emailed to you by Suncorp after a trade has completed. By default, every Sharesight portfolio has a unique email address that is at the ready and “listening” for trades. You may either manually forward your contract note PDFs to this email address, or better yet, ask Suncorp to include it as a recipient when they send out the trade confirmation email. Once received, Sharesight will “read” the contract note and automatically record the trade details into your portfolio. Once the trade has been successfully recorded into your portfolio, a copy of the contract note PDF will be saved to the holding within your portfolio, and you’ll receive a confirmation email from Sharesight.

With the addition of Suncorp, Sharesight currently processes contract notes from 91 brokers across Australia and New Zealand. If you don’t see your broker in our list of supported brokers, please leave a comment on our community forum so we can gauge interest and work towards supporting them in the future.

For more information, visit our help page on importing contract notes via email.

When Malcolm Turnbull uttered the words “open API”

Yesterday we were invited to the launch event of OnMarket BookBuilds at the Bloomberg offices in Sydney. Also lending a hand was none other than Australian Prime Minister Malcolm Turnbull. OnMarket provide a democratic way for investors to place capital with newly-listed companies via their web and mobile platform. This is a good example of technology changing the landscape of financial services.

Outside of a few notable “Dutch auctions” (Google being one), the IPO process is stubbornly old school. Before a company lists, investment bankers shop the company to institutional investors who agree to a (typically discounted) price. The idea being to set the stage for a “pop” once the company lists on the open market. By lining up new capital, coaching a company through the rigours of a public listing, and giving marketing support, investment banks provide value. But this also means that investment banks have access to proprietary information before retail investors and have a better gauge on what the price will do once listed. Also, investment banks aren’t necessarily interested in what happens after a company goes public because they’ve already baked in a nice gain. OnMarket BookBuilds changes this by giving any investor an avenue to participate in the pre-listing “bookbuild” process.

Malcolm Turnbull at the launch of OnMarket BookBuilds

Prime Minister Malcolm Turnbull with CEO of OnMarket BookBuilds Ben Bucknell

But back to the fact that the Aussie PM was in attendance. After the product launch, he remained on stage to say a few things about the local tech sector. Aside from a few “culture of innovation” talking points, he said a few things that really resonated:

Turnbull said that only those companies with open marketplaces, and open APIs, and not those with walled gardens would survive (interesting that he uttered these words in the Bloomberg office – one of the last, highly successful closed ecosystems). But yes, the Australian Prime Minister actually said “open API” and cited the TripView app as a government-led example. We wholeheartedly agree, which is why we’re investing heavily in our API.

When talking about digitising transactions on government platforms he said to not worry about cost savings today and that investing whatever it takes up front will create cost efficiencies down the track. Agreed here as well. We’ve often said that using Sharesight + Xero, for example, might not be the cheapest solution but it will save time and create efficiencies.

A journalist asked the Prime Minister a very good question: given his background at Goldman Sachs, how did he see OnMarket BookBuilds as potentially disrupting the traditional IPO process described above. He didn’t take the question head on, but said that disruptive technology is welcomed if it can help all investors with price discovery.

Thanks to OnMarket BookBuilds for putting on a terrific event. A great day for Australian fintech.

For more info, check out the event hashtag: #GetOnMarket