Ticker Talk

National Stock Exchange of Australia

Forget the jargon and the charts, Ticker Talk is the podcast that lifts the lid on the people, passions, and personalities driving the financial markets. Hosted by Matt and Max, each episode steps beyond the numbers to uncover the human stories behind the trades, trends, and turning points shaping today’s economy. From traders and founders to baristas with hot takes and regulators with cooler heads, everyone has a story, and every market move has a motive. Expect insights, lessons, and a few secrets along the way… all delivered with a wink and a dose of dry humour.

  1. Feb 17

    Stake: The gateway to the US stock market

    In this episode of Ticker Talk, we’re joined by Matt Leibowitz, Founder and CEO of Stake, to unpack how a former lawyer and market maker saw a massive access gap for everyday Australians and built a platform to make investing in US shares simple. Matt shares his story from Perth (after being born in Cape Town) to studying law and finance, training at Allens, then moving into high performance trading and market making, including formative years in Chicago, where markets are part of the city’s DNA. We then dive into the origin of Stake: why buying US shares used to be buried in forms, fees and friction, and how the mission became clear, make investing in US shares easier than Aussie shares. The conversation also goes bigger picture on liquidity and market structure in Australia, why small caps suffer when liquidity dries up, and what “access first” really means for the next generation of investors. Plus, a lighter look at Matt’s world outside work, NBA obsession, “focus time” during Nuggets games, and the winter cycling gloves he still keeps as a reminder that you can do hard things. What you’ll learn: Matt’s path from law to trading and why being “the dumbest in the room” can be powerfulThe frictions that made US investing unnecessarily hard for AustraliansStake’s “build the skateboard, not the car” approach to product and growthWhy liquidity matters and what happens when it disappears from the bottom end of the marketWhat modern retail investors really want: access, tools, and ambitionTimestamps:00:00 - Intro 00:38 - Matt’s background: Cape Town to Perth to Sydney 04:40 - Colorado exchange, 9/11, and the Nuggets fandom 07:10 - Allens, law, and the pivot into markets 09:20 - Market making, Chicago, and learning fast 17:03 - The idea behind Stake: fixing access to US shares 21:10 - Liquidity, small caps, and Australian market structure 26:58 - Product philosophy: skateboard vs car Follow NSX on LinkedIn and subscribe so you don’t miss the next episode: https://www.linkedin.com/company/nsxa/posts/?feedView=all

    38 min

About

Forget the jargon and the charts, Ticker Talk is the podcast that lifts the lid on the people, passions, and personalities driving the financial markets. Hosted by Matt and Max, each episode steps beyond the numbers to uncover the human stories behind the trades, trends, and turning points shaping today’s economy. From traders and founders to baristas with hot takes and regulators with cooler heads, everyone has a story, and every market move has a motive. Expect insights, lessons, and a few secrets along the way… all delivered with a wink and a dose of dry humour.