Hatch gives you access to full and fractional shares in individual companies and exchange-traded funds (ETFs) listed on the US share markets, specifically the NYSE and the Nasdaq.
There are some criteria in place to ensure the investments on offer are liquid (not sure what that means? Check our Jargon alert! below). The general rules that DriveWealth use to assess what shares to offer are:
The company or ETF is listed on the NYSE or Nasdaq
Share price must be above $1 USD
For companies, the market capitalisation should be greater than $1 billion USD
If market capitalisation is below $1 billion USD, we may be able to request the company if the 3 month average daily dollar volume is greater than $0.5 million (this can be found within the 'Statistics' tab within a company or ETF profile on Yahoo Finance). However, the market cap is still taken into consideration
For ETFs, the net assets should be greater than $300 million USD
Leveraged funds aren’t offered by default and requests to add them will be reviewed on a case-by-case basis
In order for us to put a request through to our broker, the above criteria must be met. If you have a company or ETF that doesn't meet the criteria, keep an eye on them as they may in the future.
For any company or ETF requests, just follow the instructions in our "Can I request a company or ETF be added to Hatch?" article.
Jargon alert! Liquidity describes how quickly an investment can be bought and sold. For example, a house is relatively illiquid because it takes time and effort to buy and sell, whereas shares on Hatch are considered liquid because when the US share markets are open, you can usually buy and sell them in real time (some shares are more liquid than others).
Note: We don't offer access to crypto or cryptocurrencies such as Bitcoin.