HSBC’s non-advisory stockbroking division
InvestDirect has announced the launch of NetTrader, an online trading
service which will provide direct access to the Australian Stock
Exchange via automated straight-through processing.
“NetTrader was developed in
Australia for Australians, and provides features unique to the
Australian marketplace,” said Richard Kimber, head of InvestDirect.
He said investors can obtain free real time quotes from ASX entities;
warrants and indices; place or sell orders; access morning and afternoon
market commentary; and create real time graphics to assist with
investment decisions.
A minimum trading fee of $28 will apply, or 0.1 per cent of the
transaction amount, with no monthly fees.
InvestDirect currently has over 8000 clients.