SYDNEY: Stakeshop Pty Ltd, an online stock broker backed by tech investment giant Tiger Global, says it will launch a A$3 (US$2 or RM8) brokerage service in Australia, the country’s cheapest.
The launch is a direct challenge to No. 1 lender Commonwealth Bank of Australia’s subsidiary CommSec, the country’s largest online and mobile broker, and other large competitors that have dominated the local market for years.
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