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International online brokers
post Posted: Oct 4 2018, 09:24 AM
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Australian investors hungry for global stocks will have local trading access to tech giant Apple, and as many as 30 US names by mid 2019, as Chi-X Australia pushes the green light on a project that involved three years of planning.

The Apple trading will be available through "transferable custody receipts" (TraCRs) from Thursday. They are a new product which facilitates the trading of stocks like Apple in Australian dollars and on the Chi-X local exchange.

Each TraCR security represents one unit in the underlying US stock, giving local investors exposure and a beneficial interest to the financial performance and dividends of stocks in the S&P 500. The TraCRs are also convertible to the shares, subject to certain terms.

"Tech only accounts for about 2 per cent of the Australian market and that is where we started. "We are confident that it [TraCRs] will be a more efficient way for Aussies to buy international stocks."

The model sees an underlying Apple share held by a global custodian to reflect each TraCR. The TraCRs are unsponsored, meaning that they are not jointly issued by a company such as Apple.

While the next batch of TraCRs are yet to be approved, the alternative exchange's website points to other stocks that may follow as early as next week including Facebook Inc, JPMorgan, Microsoft Corp and Walt Disney. Those involved are targeting 25 to 30 stocks by mid next year.

"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
post Posted: May 25 2009, 06:01 PM
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I have a number of UK shares ( Tullow) that I wish to sell and was considering the option of setting up a UK discount brokerage account rather than pay 1% commission I have been offered here (>$5K)

Interested in any information from anyone in a similar situation that has set up an UK discount broker account or other options available

I will look at the IB link provided in a previous post (Tricom I understand is out of bossiness)


post Posted: Jul 11 2007, 06:55 AM
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QUOTE (rjd @ Tuesday 10/07/07 10:29pm)

still to high , a bit of a thread on Aussie Stock Forums
on Brokers worth a read,
after reading i will give IB brokers a go cannot beat
the following commissions

All 0.08% of trade value min AUD 6 ...... 400 shares@ AUD 50 Share Price= AUD 16

United States
All products not listed below USD 0.005
per share USD 1.00 0.5% of trade value plus exchange, ECN, regulatory and specialist fees 100 Shares @ USD 50 Share Price= USD 1.00

1,000 Shares @ USD 50 Share Price = USD 5.00

1,000 Shares @ USD 0.50 Share Price = USD 2.50

post Posted: Jul 10 2007, 10:29 PM
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Just for your interest I also contacted Tricom today in Australia..... they will transact US shares for minimium $55 per trade.....or .006%. They also have a trading platform which is free to use. They also trade many overseas shares

Comsec is Minimium $65 per trade.

post Posted: Jul 7 2007, 08:44 PM
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In reply to: redned71 on Thursday 05/07/07 04:29pm

can trade asx shares with ib brokers
finally might get some competition
see data fee only 37.50
king.gif king.gif

post Posted: Jul 5 2007, 04:29 PM
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In reply to: rjd on Tuesday 03/07/07 09:34pm

you can choose the currency you want to work in, although they still relate back to US$ from memory. good help desk, ask them.


post Posted: Jul 3 2007, 09:34 PM
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In reply to: rjd on Tuesday 03/07/07 09:16pm

I checked out the web site again Redned ....looks like one can open an account up in Canada. The Canadian $ has been appreciating against the $AUD. So will check this out.

post Posted: Jul 3 2007, 09:16 PM
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In reply to: redned71 on Tuesday 03/07/07 08:03pm

Thanks redned.

The problem I have with US brokers is that I believe your funds are held in $US. Now if the $US continues to devalue....won't that have an impact on my overall returns...especially when I want to withdraw in $AUD. Or do i stand corrected?


post Posted: Jul 3 2007, 08:03 PM
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bit messy to set up; but once done, is very good.


I use it mainly for TSX (canadian stocks) & futures trading. But US stocks also available.



post Posted: Jul 3 2007, 07:03 PM
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Posts: 46

Hi to the pro's on this site.

I am looking for an online broker that allows me to trade international shares. Only want to pay cash. Don't wish to trade these shares actively.....basically a buy and hold stratergy.

Commsec wants $65 per trade for US shares.

Any clues? Haven't found a thread on this query....if you have one please let me know.




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