High Volume - Brokers

We can be thankful that we're not NABTrade today.

SelfWealth seemed to have 2 short downtimes lately. NABTrade seemed to have several long downtimes over multiple days. CommSec, I'm not sure, but I heard something like several short downtimes.

To quote one poster from NABTrade's Twitter yesterday:

UNABLE TO
*cancel orders
*amend orders
*place orders
*to contact by phone
You have failed badly,cost many people a lot of $'s
Volume is not an excuse, GOOD PLATFORMS SHOULD HANDLE HIGH VOLUME
its what trading is about #ASX #NAB #******

And another:

Cannot place any order, trying since morning.
(...)
This is the third time this week.


They're about 3x larger than SWF, but the number of complaints about them seems to be at least dozens of times more.

They're getting a lot of backlash like RobinHood in US was.

In NABTrade, you'd expect it must be their own systems failing (badly). In SWF's case, it seemed to be IRESS failing (sporadically).