Trading

Trading

Powerful trading for advisers and their clients

We've taken the strength of the market leading CommSec trading platform and enhanced it with additional features for advisers trading on behalf of their clients.

Combine this with expert support from our dedicated Adviser Service Team and you’ll begin to understand how the CommSec Adviser Services adviser trading platform can help you do more with your client trading.

Quickly respond to market movements and save time by getting multiple clients in or out of a single stock at once with the easy-to-use ‘Single Stock, Multi-Client’ order pad.

Rebalance client portfolios and respond to sudden market movements more efficiently with our ‘Multi-Stock, Single Client’ functionality.

How-to Videos

'How-to Videos'

View our step by step demonstrations.

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1800 252 351 (Option 1)

Between 8.30am and 6.00pm, Monday to Friday.

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Apply Now

Features & Benefits

CommSec website DNA enhanced

CommSec website DNA enhanced with adviser features

Enjoy the experience and innovation of the leading CommSec online trading platform plus additional features for advisers trading on behalf of clients.
Execute more trades in less clicks

Execute more trades in less clicks

Save time and trade efficiently with ‘Multi-Stock, Single Client’ or ‘Single Stock, Multi-Client’.
View access for clients

View access for clients

Let clients keep track of their own portfolio while you stay in control of their investments.
Dedicated adviser support

Dedicated adviser support

Benefit from the support of our dedicated adviser services team and Transition Services team to assist you to migrate your clients.
Integrate your business

Integrate your business

Integrate CommSec Adviser Services Trading with your planning software via data feeds.
  • Adviser logic
  • BGL
  • COIN
  • Class Super
  • Midwinter
  • Platform Plus
  • Xplan
Customisable for your business

Customisable for your business

Add your branding to client confirmations and reports, tailor brokerage and customise the homepage to suit your needs.
Straight through processing

Straight through processing

Get trades to market faster with straight through processing.
Flexible Subscription Packages

Flexible Subscription Packages

Customise research and market data services to suit your needs with our enhanced subscription packages.

About CommSec Adviser Services Trading

Who is it designed for?

  • Dealer groups, advisers, stockbroking firms and other intermediaries looking for an out of the box direct trading solution.

What features do you receive?

  • Branded confirmation notes & reports
  • Dial Up/Down brokerage
  • Basis of advice capture
  • Access levels to suit your business model
  • Data feeds including XPLAN; BGL; VisiPlan; COIN; Class Super
  • Conditional orders
  • Watchlists and Alerts
  • Real-time market data and news
  • Upgrade your experience with a range of additional subscriptions including dynamic data with MarketPro

How do we support you?

  • Dedicated adviser desk for phone trading and support
  • Dedicated relationship manager
  • Business development assistance
  • Assistance with business transition to CommSec Adviser Services
  • Client and Adviser account origination and maintenance services
  • Reporting at client, adviser and Dealer Group level
  • Billing and invoicing
  • Direct Debit; BPAY®; Cheque; Third Party Margin Lenders; Delivery Versus Payment (DVP) and Custodial settlement facilities
  • Algorithmic trading support for large or complex orders
BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518

Products

The CommSec Adviser Services Online Trading platform offers a wide range of trading products and services so you can offer your clients a complete service. Whatever your clients’ trading needs, we have a solution. Learn more about these and other features with the CommSec Adviser Services User Guide (PDF).

Options

Options are suitable for experienced investors looking for more sophisticated investment alternatives. They can offer a powerful and flexible tool that can be used to enhance a portfolio in a number of ways:

  • Profit from a view, no matter whether the market is moving up, down or sideways
  • Access the underlying stock for a fraction of the cost of a direct investment
  • Earn extra income from a portfolio by writing Options and receiving a premium
  • Protect (or ‘hedge’) existing investments by guaranteeing the sale price, regardless of market movements

Options strategies range from the simple to the complex and can be tailored to suit investment goals and appetite for risk. Like any derivative product, Options can involve risk, and all investors and advisers must have a clear understanding of this before trading.

To trade Options on behalf of your clients:

  • Download and read the ASX Booklet Understanding Options Trading (PDF)
  • Download, read, complete and sign the "Exchange Traded Options Product Disclosure Statement (PDS) and Application" located under the Forms tab above
  • To take up Tier 2 Options trading you will need to complete the ”Trading Level Upgrade” form found within the “Exchange Traded Options Application PDS and Application” or located under the Forms tab above.

Warrants

Warrants are unique trading instruments that are issued by banks and other institutions and traded on the ASX. Warrants are 'non-standard' - in other words, each one is different and will offer different features. Depending on the features of the individual warrant, you can use them to:

  • Gain leveraged exposure to an underlying share
  • Diversify your portfolio
  • Generate income through dividends and franking credits
  • Protect your portfolio.

You need to read the Product Disclosure Statement provided by the issuer of a warrant to assess its features and whether it meets your trading and investment purposes, before you decide to invest.

To start trading Warrants on behalf of your clients:

  • Ensure they have an active CommSec Adviser Services trading account.
  • Download and read the ASX Booklet Understanding Trading & Investment Warrants (PDF)
  • Complete and sign the "Warrant Agreement Form" located under the Forms tab above.

IPOs

IPOs through CommSec Adviser Services provide the opportunity to get priority access and provide a value add for clients. Access IPOs for your clients and subscribe to alerts, so you’ll know about new offers as soon as they're available.

Conditional orders

Conditional orders allow you to specifically implement trading strategies on behalf of your clients. Below is a brief description of the conditional orders we offer:

  1. Falling sell: Instruction to place a sell order on the market at a limit price when the security price falls to or
    below a pre-determined price you have established as a trigger price.
  2. Falling buy: Instruction to place a buy order on the market at a limit price when the security price falls to or
    below a pre-determined price you have established as a trigger price.
  3. Rising sell: Instruction to place a sell order on the market at a limit price when the security price rises to or
    above a pre-determined price you have established as a trigger price.
  4. Rising buy: Instruction to place a buy order on the market at a limit price when security price rises to or
    above a pre-determined price you have established as a trigger price.
  5. Trailing sell: Instruction to place a sell order at a Market price when the security price rises to or above a level you have set as your trail start price; and then experiences a fall equal to or greater than the trail stop value you have set.
  6. Trailing buy: Instruction to place a buy order at a Market price when the security price falls to or below a level you have set as your trail start price; and then experiences a rise equal to or greater than the trail stop value you have set.

Please read the Share Trading Terms & Conditions for important information and risks regarding conditional orders.

One Off Trade Service

Using our One Off Trade Service you can sell issuer sponsored shares on behalf of a client without the need to open an account. Your client must have an existing account with CommSec Adviser Services, CommSec or the Commonwealth Bank. To complete a One Off Trade on behalf of a client:

Subscription Packages

To upgrade to any of our enhanced subscription packages, simply download and complete a Change of Information Services form (PDF) (access to subscription packages is based on the agreement with your dealer group). Fees and charges apply.

Compare Subscription Packages

Features Standard Research Plus MarketPro The Combined Package
FREE $55 per month1 $55 per month1 $99 per month1
Live market data company announcements Icon-tick Icon-tick Icon-tick
Morningstar basic company research Icon-tick Icon-tick Icon-tick
Morningstar Australian & World market reports Icon-tick Icon-tick Icon-tick
Morningstar stock recommendations and research Icon-tick Icon-tick
Corporate events calendar Icon-tick Icon-tick
Real-time, dynamic online market data and quotes on equities and derivatives Icon-tick Icon-tick
Market overview information Icon-tick Icon-tick
Enhanced charting abilities with added indicators and drawing tools Icon-tick Icon-tick
Historical data Icon-tick Icon-tick
Real-time charting Icon-tick Icon-tick
Extensive market watch and alerts capabilities Icon-tick Icon-tick
Customisable watchlists and custom keys Icon-tick Icon-tick

Upon subscribing to the MarketPro subscription package, you can choose to upgrade your service with one of our add-ons:

MarketPro Add-Ons

Features Extras Domestic International
$39 per month1 $99 per month1 $159 per month1
Live ETO process and Excel DDE add-in Icon-tick Icon-tick Icon-tick
Dow Jones AU/NZ News (DJAZ) Icon-tick
International markets & indices (IML & IMZ) Icon-tick
AAP News (AAP) Icon-tick
London Metal Exchange (LMZ) Icon-tick

Upgrade your subscription packages now by downloading and completing a Change of Information Services form (PDF). Fees and charges apply.

1 Prices are GST inclusive.

Forms

Account Origination

Account Application Forms

Apply for your client's account via online or standard PDF form. Please choose the form that best suits your needs. Please ensure clients are also made aware of our Best Execution Policy.

  • 1. Online - Trading &/or Cash
  • 2. Smart PDF Download - Trading, Cash &/or Investment Lending
    Right click, save to your computer (no tablets or mobiles) and open in Adobe Reader.
  • 3. Standard PDF - Trading & Cash

4. FSG (Part A and B)

This document sets out the financial services and the types of financial
products that we are authorised to provide under our Australian Financial
Services Licence.

5. Terms and Conditions

Contains the Terms and Conditions for share trading through CommSec
Adviser Services.

6. Best Execution Policy

This disclosure sets out how AUSIEX meets its Best Execution obligation.

7. Wholesale Client Form

Use this form to identify your client as a wholesale client. This form and the required supporting evidence must be submitted with the application form for commission to be paid on the Accelerator Cash Account.

8. Identification Documentation Requirements

Outlines the process for certifying identification documentation including acceptable documents, how to certify documents and a list of people who can certify ID.

9. Job and Industry Classifications List

Use this form for the list of eligible Job Category and Job Types for individuals and Industry Category and Industry Type for companies and trusts.

10. Individual Tax Residency Self-Certification Form

Use this form to declare your country/ies of tax residency where it was not provided on the application form.

11. Organisation Tax Residency Self-Certification Form

Company/Trust applicants use this form to declare your country/ies of tax residency where it was not provided on the application form.

12. Exchange Traded Options PDS and Application Form

Please ensure you have read and understood our Exchange Traded Options Product Disclosure Document before applying for your options trading account.

13. Exchange Traded Options Tier 2 Trading Upgrade Form

Complete this form to qualify for Tier 2 of options trading.

FSC Identification Forms

FSC (IFSA) Identification Forms to assist with client identification process.

  • 14. Individuals and Sole Traders
  • 15. Australian Companies
  • 16. Australian Regulated Trusts
    For SMSFs please use the Australian Regulated Trusts Form.
  • 17. Australian Unregulated Trusts

Customer Identification Checklists

Checklist to understand what customer information is collected and verified under AML/CTF obligations.

  • 18. Individual Customer
  • 19. Australian Domestic Proprietary Company
  • 20. Australian Listed Public Company
  • 21. Regulated Trust
  • 22. Unregulated Trust
  • 23. Self Managed Superannuation Fund

24. Trading Forms Acceptance Guide

Outlines signatories required and methods forms may be returned.

25. Important Information

Contains important information about our Trading.

26. Privacy Policy

Contains information about how we collect, verify and use customer information.

27. Terms of Access

Outlines the Terms of Access for Advisers using CommSec Adviser Services.

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Account Administration and Maintenance

28. New Adviser Form

Complete this form to setup an adviser from your dealer group to be able to offer Trading, Cash, Investment Loans and/or CALIA+ to clients.

29. Additional Adviser Authority Form

Use this form to provide an additional adviser or adviser assistant with access to an existing primary adviser's account.

30. Change or Removal of Adviser Form

Use this form to nominate a new adviser or remove an existing adviser.

31. Change of Dealer Group Form

Complete this form to move to a new Dealer Group.

32. CHESS Sponsorship and Issuer Sponsored Transfer

Complete this form to transfer issuer sponsored security holdings to be broker sponsored. Advisers can complete these requests online.



33. CHESS Sponsorship and Broker to Broker Transfer

Complete this form to transfer security holdings held with another broker.

34. Standard Transfer Form for Off Market Transactions

Complete this form to transfer shares off market.

35. Bulk Standard Transfer Form for Internal Off Market Transactions

Complete this form to transfer ownership of multiple stocks from one entity to another within the Ausiex Participant ID.

36. Registered Holder Collateral Cover Authorisation Form

Complete this form to meet your Options trading requirements.

37. Change of Information Services Form

Complete this form to change your subscription services.

38. Change of Settlement Options, Bank Account Details and Dividend Redirection Request Form

Complete this form to change your clients’ settlement method, request for your client’s dividends to be paid directly to their linked ACA, and/or to change their nominated bank account used for settlement of trades or their nominated bank account used to transfer funds to and from their cash account by Direct Debit/Credit authority.

39. Change of Client Details Form (Advised Clients)

Complete this form to change your client details. This form can be used to: change address, contact details, personal name, company details (including company address/contact, company name, remove or add a director/secretary authorised to operate on the company account) and change a SMSF/Trust Account Designation. Please arrange for both you and your client to sign it before sending to us for processing.

40. Trustee Requesting more than one Account Form

To be completed by Trustees wanting to operate multiple share
trading accounts.

41. Datafeed Requests

For datafeed requests please email us or phone 1800 252 351.



42. ASX Warrant Client Agreement Form

To trade warrants please read, understand and complete the ASX warrant clients agreement.

43. Partly Paid Security Client Agreement Form

Complete this form to buy Partly Paid Securities on your trading account.

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One Off Trade Service

44. One Off Trade Form

Complete this form to sell issuer sponsored share holdings on behalf of a client without the need to open an account. Your client must have an existing account with CommSec Adviser Services, CommSec or the Commonwealth Bank. Please ensure clients are also made aware of our Best Execution Policy.

45. Small Estates Indemnity Form

Complete this form to accompany a deceased estates sale, where probate has not been granted and the value of the sale/s is worth less than $15,000.

Resources

'How-to Videos'

Account Origination - Trading & Cash

Part 1: Get Started

Part 2: Applicant Details

Part 3: Features & Preferences

Part 4: Managed Applications

The 'Manage Applications' feature enables advisers and assistants to track, retrieve and follow up on submitted or saved applications.

'Smart' PDF Application Form

The Smart PDF application form allows you to open Trading, Cash and Investment Loan accounts or any combination of the three in a single application form.

Trading

Individual Trades

Single Stock - Multi Clients

Multi Stock - Single Client

Manage Orders

Website Education

eSubmit

You can now securely submit your clients’ applications, maintenance forms, supporting documentation and adviser forms online in a few easy steps.

Action Centre

In the Action Centre, you can view your client's online account application progress and manage maturing Term Deposits.

Dashboard

When logged into the CommSec Adviser Services website you’ll see your dashboard featuring a client and various news and market widgets.

Online Demonstration

Learn how our Multi-Stock and Multi-Client order functionality works with a simple demonstration of the order process.

Online Trading User Guide

Learn about all the great features of the CommSec Adviser Services online trading platform and how to use them with this easy-to-follow User Guide.

Strategy – Trailing Stop

There are a range of strategies that can be used to pre-define entry and exit points for a given security, including Falling Sell, Rising Buy, Falling Buy, Rising Sell, Trailing Buy and Trailing Sell.

Falling Sell (Stop Loss)

A Falling Sell may help you lock in gains or limit losses in a falling market. A Falling Sell order may help you to sell some or all of your client’s holdings in a company if the security price falls to the level you have set as your trigger.

Example

For example, you buy 1,000 units of XYZ Ltd at $10 per unit. You want to limit the losses of your investment, so you set a Falling Sell Trigger at $9.50, with a Falling Sell Limit Order to sell your units at no less than $9.43.

Example

 

In this example, the market price for XYZ Ltd reaches $9.50 and your limit order is submitted to the market* to sell XYZ Ltd at no less than $9.43 per unit. Your stock will be sold if there are sufficient buyers in the market willing to buy at a price of $9.43 or higher.

*Orders are placed subject to CommSec Adviser Service's vetting procedures.

Rising Sell (Take Profit)

A Rising Sell may help with taking a profit when a security price rises. A Rising Sell order may help you to sell some or all of your holdings in a company when the security price rises to the level you have set as your trigger.

Example

For example, you have been watching the price of XYZ Ltd, which has been trading at $4.00 per unit and appears to be rising. You could set a Rising Sell Trigger with a trigger price of $4.40 and a limit price of $4.33.

Example


In this example, the market price of XYZ Ltd reaches $4.40, your limit order will be submitted to the market* to sell XYZ Ltd at no less than $4.33. Your stock will be sold if there are sufficient buyers in the market willing to buy at a price of $4.33 or higher.

*Orders are placed subject to CommSec Adviser Service's vetting procedures.

Rising Buy

A Rising Buy may help you take advantage of a security that's on the rise. A Rising Buy order may help you to buy a security when the unit price rises to or above the level you have set as a trigger. You also set a limit price above the trigger price (setting the maximum price you are willing to pay for the security).

Example

For example, you are researching the security price of XYZ Ltd, which is currently trading at $9.10 per unit. Your charting analysis shows that if the price rises to $9.15, it is likely to continue to rise beyond that due to momentum in the security. You could set a Rising Buy Trigger at $9.15 along with a Rising Buy Limit Order at $9.19.

Example


In this example, if XYZ Ltd reaches a price of $9.15 or higher in the market, your limit order will be submitted to the market* to buy XYZ Ltd at no more than $9.19 per unit. Your order will be fulfilled if there are sufficient sellers in the market willing to sell at a price of $9.19 or lower.

*Orders are placed subject to CommSec Adviser Service's vetting procedures.

Falling Buy

A Falling Buy may help you invest in a company when its share price falls. A Falling Buy order may help you to buy a security when the unit price falls to or below the price you have set as a trigger. You also set a limit price above the trigger price, setting the maximum price you are willing to pay for the security.

Example

For example, you have been watching the price of XYZ Ltd, which has been trading at $3.10 and appears to be declining. You could set a Falling Buy Trigger with a trigger price of $2.80 and a limit price of $2.85.

Example


In this example, if XYZ Ltd trades at $2.80 or lower, your limit order will be submitted to the market* to buy XYZ Ltd at no more than $2.85 per unit. Your order will be fulfilled if there are sufficient sellers in the market willing to sell at a price of $2.85 or lower.

*Orders are placed subject to CommSec Adviser Service's vetting procedures.

Trailing Buy

A Trailing Buy may help you maximise value when investing in a company. It may help you to buy a security when the unit price falls to or beyond a level you have set as your client’s trail start price and then experiences a rise equal to or greater than the trail stop value you have set. If the security price does continue to fall, your Trailing Buy monitors for new lows and will not trigger until a rise of at least the trail stop value from the lowest price since trailing started.

Example

For example, you have been watching the price of XYZ Ltd, which has been trading at $3.10 per unit and appears to be declining. You could create a Trailing Buy Trigger with a trail start price of $2.90 and trail stop value of $0.10.

Trailing Buy Example

 

In this example, the market price of XYZ Ltd falls to $2.90, and then experiences a rise of $0.05 to $2.95 before falling again. Because the trail stop was set at $0.10, the order did not fire. XYZ Ltd then falls to a low of $1.90 before rising by $0.10 to $2.00 which meant the market order fired at $2.00.

Please note that all market orders will be executed in accordance with our Best Execution Policy; however, as no limits can be set, a purchase price may be significantly higher than trigger value. If you would like to set a limit price please consider another of our conditional orders.

Trailing Sell

A Trailing Sell may help with maximising a profit when a security price is rising. It may help you to sell some or all of your clients’ holdings in a company when the security price rises to, or beyond a level you have set as the trail start price and then experiences a fall equal to, or greater than the trail stop value you have set. If the security price does continue to rise, your trailing sell monitors for new highs and will not trigger until a fall of at least the trail stop value from the highest price since trailing started.

Example

For example, you have been watching the price of XYZ Ltd, which has been trading at $4.00 per unit and appears to be rising. You could create a Trailing Sell Trigger with a trail start price of $4.20 and trail stop value of $0.10.

Trailing Sell Example


In this example, the market price of XYZ Ltd reaches $4.20, and then experiences a fall of $0.05 to $4.15 before rising again. Because the trail stop was set at $0.10, the order did not fire. XYZ Ltd then reached a high of $5.20 before falling $0.10 to $5.10 which meant the market order fired at $5.10.

Please note that all market orders will be executed in accordance with our Best Execution Policy; however, as no limits can be set, a sale price may be significantly lower than trigger value. If you would like to set a limit price please consider another of our conditional orders.

Risks: Conditional orders are subject to limitations and risks, please consider the Conditional Trading Terms and Conditions before making any decisions about conditional trading.

Note: The Conditional Order examples given are provided for illustrative purposes only. These examples have been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this article, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek professional advice. Brokerage costs apply.

Case Study - Conditional Trading

The key to successful investing is to decide on a strategy to reach your goals and then stick to it. Conditional Trading can help you keep your strategy locked in, even when your eye is off the market.

You select the share you want to watch, then set a trigger condition and order details. Our system monitors the market for you and when the share price rises or falls and your trigger conditions are met, the system submits a limit or market order on your behalf.

Example - Rising Sell

The Strategy

Declan bought 1,000 shares in ABC Ltd for $3.01 per share. His strategy was to sell when he could achieve a 20% capital gain.

The Process

Declan created a Rising Sell trigger with a trigger price of $3.65 and a limit price of $3.60. When the share price rose to $3.65, a sell order was automatically submitted for him, with a limit price of $3.60.

The Result

Declan's shares sold almost at the top of the market, at $3.63, giving him a gain of $0.62, or 21%, per share.

Example Rising Sell


Example - Trailing Sell

The Strategy

Declan bought 1,000 shares in ABC Ltd for $3.01 per share. His strategy was to sell when he could achieve a 20% or more capital gain.

The Process

Declan created a Trailing Sell trigger with a trigger start price of $3.65 and a trail value of $0.10. When the share price rose to $3.65, trailing commenced.

The share price then experienced many fluctuations without falling by more than$0.10 until it reached $4.20 and then dropped to $4.09. At this point, an automated market sell order was submitted on his behalf with no limit price.

The result

Declan's shares sold almost at the top of the market at $4.07. The result was a gain of $1.06 per share - a capital gain of over 35%.

Example Trailing Sell


In this case study Declan was approximately 15% better off using a Trailing Sell instead of a Rising Sell however, the fired order was a market order and has a higher level of risk. Please consider a non-trailing conditional order if you would like the security of a limit price.

Risks: Conditional orders are subject to limitations and risks, please consider the Conditional Trading Terms and Conditions before making any decisions about conditional trading.

These examples are for illustrative purposes only. The name and identifying features do not reflect any particular person; any resemblance to a real person is coincidental.

The information on this site has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information on this site, consider the appropriateness of the information, having regards to the individual's objectives, financial situation and needs, and, if necessary, seek appropriate professional advice. Brokerage costs apply.

The presence of the stock mentioned should not be construed as a recommendation. No representation is given, warranty made or responsibility taken as to the appropriateness or performance of this stock.

ASX Booklets

ASX Understanding Options Trading Booklet

A simple guide to understanding options trading.

ASX Understanding Trading and Investment Warrants Booklet

A simple guide to understanding trading and investment warrants from the ASX.

Guide to Investment Services

Learn about our full range of products and services to help determine which one is right for you when investing on behalf of your clients.

Guide to Transition Services

Learn how our dedicated transition team can manage the whole transition process from start to finish.

Statement of Advice Guidance Wording

Use this wording as a guide when creating your own SOAs.

Data Feed Matrix

The Data Feed Matrix provides a list of all available data providers.

Client Resources

Client Information Sheet

Help your clients understand how share trading works, along with the associated benefits with this easy to follow brochure.

Your Guide to Shares

Explains what shares are, their key features, and how shares are registered.

Gearing into Property or Shares

The General Cycle of Market Emotions

What is an IPO?

Your clients may be unsure of what an Initial Public Offering (IPO) is and the different types of IPOs available - so, to help you explain this, we have created an animated video you can share with them.

FAQs

How does my client transfer existing Broker Sponsored holdings to CommSec Adviser Services?

Your client may elect to transfer all or part of their existing Broker Sponsored holdings from another broker by completing the CHESS Sponsorship and Broker to Broker Transfer Form.

Note: To avoid any delay in processing your client’s request, please tick the box authorising us to amend minor changes to the client’s Holder Identification Number (HIN) registration details in the event that there is a mismatch of registration details on Section 2 of the form (refer screen image below).

HIN

 

The completed form and a copy of the most recent Broker Sponsored Holding statement/s can be sent by:

Email (preferred): advisertrading@cba.com.au

Post:
CommSec Adviser Services
Locked Bag 3005
Australia Square NSW 1215

Your request will be completed within approximately 48 to 72 hours of receipt.


How does my client transfer shares held by another party to their share trading account?

Your client can transfer shares held by a different party or entity to their share trading account by completing either a:

(If transferring ownership of multiple stocks from one entity to another within the Ausiex Participant ID).

Please note the original signed form is required. Please send to:

CommSec Adviser Services
Locked Bag 3005
Australia Square NSW 1215

Your request will be completed within approximately 48 to 72 hours of receipt.


How does my client complete a Standard Transfer Form for Off-Market Transactions?

Please see page two of the Standard Transfer Form for Off-Market Transactions for step-by-step guidelines on how to complete the form.


What can I trade for my client?

 

  • All ASX-listed securities
  • All warrants listed on the ASX (additional forms required to trade warrants and partially paid securities)
  • Exchange Trade Funds (ETFs)
  • Exchange Traded Commodities (ETCs)
  • Exchange Traded Options (ETOs - where an options account has been established)
  • Listed company-issued options
  • Listed unit trusts
  • Listed convertible notes
  • Renounceable rights
  • Listed fixed interest securities
  • Australian Government Bonds

 

All ASX-listed securities are tradeable through Chi-X Australia market.


How do I place a trade on behalf of my client?

Once your client's trading account has been set up, there are several ways to place trades:

Online

We've made placing a share trade quick and easy by giving you the ability to place a trade in a number of different ways:

  • From the Quotes page, once you've located your desired security,
    click Buy or Sell.
  • From your Watchlist or Portfolio click on a stock to be taken to the Quotes Page.
    From there you can choose to Buy or Sell as described above.
  • On the main menu, navigate to Trading > Share Orders > Place Order.

To place an order you will first need to select a client. If you have not selected a client you will be redirected to the My Clients > Find Client Screen to select one. Once you have selected a client, to place an order from the Share Orders > Place Order page simply complete all fields marked with a red asterisk and follow the prompts. You can learn more about what information is required in each of the fields by hovering your mouse cursor over the question marks to the left of each field.

Place_order

Phone
  • Step 1: Please contact us
  • Step 2: You will be asked to provide your client's name and trading account details to verify them.
  • Step 3: You will be asked to provide your adviser code and Dealer Group name as part of our verification process. In some instances you may be required to provide more information.
  • Step 4: Once the details of your order have been confirmed, we will endeavour to place the order in the market.

Confirmation notes will be sent to you and your client via their preferred delivery method (email or paper confirmation notes) on the day the order is executed.


Do you offer discounted client brokerage?

Yes, we have Brokerage Bundles available for your clients who link their trading account to one or more of their existing or new Accelerator Cash Accounts, Investment Loans or Portfolio Services accounts. For more details, please see our Bundled Pricing offering.


What is required when changing from an individual or joint trustee to a corporate trustee?

  • An email from the adviser to notify about the change of trustees
  • A Share Trading Application to be completed by the new trustee
  • A Deed of Variation or completed IFSA form to confirm the new trustees
  • Completed OMT is required to transfer the stock from the old to the new account
  • Confirmation via email from the adviser to close the old account once the stock has been transferred

 


What are the trading times?

Australian Securities Exchange

Shares, Bonds, Hybrid Securities, Exchange-traded products, Managed Funds, Warrants and Structure Products

The Australian Securities Exchange (ASX) opening takes place at 10:00am (AEST) and lasts for about 10 minutes. Securities open in five groups, according to the starting letter of their ASX code, but reserve the right to vary these times:

  • A-B 10:00:00am +/- 15 secs
  • C-F 10:02:15am +/- 15 secs
  • G-M 10:04:30am +/- 15 secs
  • N-R 10:06:45am +/- 15 secs
  • S-Z 10:09:00am +/- 15 secs

The market is placed in a pre-closing phase between at 4:00pm and 4:10pm (AEST). Trading stops and brokers enter, change and cancel orders in preparation for the market closing.

The Closing Single Price Auction takes place at a random time between 4:10pm and 4:12pm (AEST). ASX calculates closing prices during this phase.

Exchange Traded Options and Index Options

Market trading hours for both exchange traded options and index options are from 10am to 4:20pm (AEST).

Chi-X Australia

Chi-X Australia market continuous trading occurs from 10:00 – 4:12pm (AEST) where:

  • Participants may enter orders into the Chi-X market
  • Orders are matched in accordance with the rules
  • Trade reports may be lodged in accordance with the Market Integrity Rules

The Chi-X Australia market opening at 10:00am is a standing start for all Chi-X quoted securities. This means some securities will be available for trading on Chi-X before they are open for trading on ASX.

Please note that unlike the ASX, Chi-X Australia does not operate an opening and closing auction.

 


Can I place single and multi-stock trades for my clients?

Yes. You can place single stock, multi-client orders and multi-stock, single client orders through our trading platform.

Placing a single stock or multi-client order

There are two ways to access the 'Single Stock, Multi-Client' order pad:

  1. From the My Clients > Find Client page; and
  2. By clicking on Trading in the top menu and selecting Single Stock, Multi-Client

When starting from the My Clients > Find Client page, tick the boxes to the left of each client record to select the clients you wish to place a trade for and click Place Multi-Client Order.

Step 1. Set Up

Complete the order details in first section of the page as you would for a single order and select Apply Instructions to apply them to each client.

Amend the order details for individual client if required and click Proceed to review before placing order.

Step 2. Review

Review your Buy or Sell order then confirm your approval by entering your trading password and clicking Submit.

Step 3. Confirmation

You will now receive a confirmation of your order.

Single_stock_multi_client
Placing a multi-stock trade

There are several ways to place a Multi-Stock trade for a client:

1. To Buy new stocks for a client, use the Multi-Stock, Single Client order pad from Trading in the top menu; and

2. To Buy or Sell stocks a client currently holds, use the Holdings page (Client Portfolio > Holdings).

3. Buy multiple stocks for a client directly from your watchlists.

Step 1. Setup

Within the 'Setup' screen, simply type in the stock code or description of each stock and select Add to Order.

Select the relevant brokerage option for this client and click Proceed.

Step 2. Review

Review your Buy or Sell order then confirm your approval by entering your trading password and clicking Submit.

Step 3. Confirmation

You will now receive a confirmation of your order.

Multi_stock_single_client

For more information please see our Multi Line Order Functionality online demo video.


Can I sell issuer sponsored shares on behalf of my client without a trading account?

Yes, we have a One Off Trade service available to you when you wish to sell issuer sponsored shares on behalf of your clients. To use this service your clients must either be an existing CommSec Adviser Services, CommSec or Commonwealth Bank customer. Please refer to the table below for more information on eligibility requirements.

One Off Trade service eligibility requirements

Individual and Joint Shareholdings
  • All clients must have an existing CommSec Adviser Services, CommSec or Commonwealth Bank account. For Joint Shareholdings, all clients must hold one of these accounts.
  • The personal information included on the One Off Trade form for each client must match what is recorded on their existing accounts.
Company and Trust Shareholdings
  • The company/trust must have an existing account with CommSec Adviser Services, CommSec or Commonwealth Bank.
  • Information provided on the One Off Trade form such as company/trust name, address and contact details must match what is recorded on the existing accounts.
  • The person requesting the One Off Trade must be a signatory to an existing account of the company/trust.
Deceased Estate Shareholdings
  • The deceased person and the executor of the estate must have an existing CommSec Adviser Services, CommSec or Commonwealth Bank account.

If your clients do not meet the criteria of an existing customer, a CommSec Adviser Services trading account will need to be established in the same name as the shares before the holdings can be sold. The easiest way to setup a new trading account for your client is to complete the online application form. Alternatively, you can complete a paper application form. Please allow time for postage, application processing and any requests for additional information (if applicable)


T+2 Settlement
Why the change?

A shorter settlement cycle means your clients will have quicker access to their money after selling shares and earlier delivery of shares after purchasing. It will also keep Australia aligned with leading settlement practices around the world such as Europe and Hong Kong, with the United States following suit in 2017.


What happens if my clients don't have sufficient cleared funds in their settlement account on the settlement day?

Please ensure your clients are able to meet their settlement obligations prior to placing trades. Failure to provide cleared funds on the settlement day will result in failed settlement and incur penalty fees plus fail fees outlined in our Financial Services Guide.

Which products and services are impacted?

The changes apply to Australian shares, government bonds, interest rate securities, Exchange Traded Funds (ETFs), and warrants traded on the ASX and Chi-X.

The settlement period for international shares, Contracts for Difference (CFDs), and Exchange Traded Options (ETOs) will not change.

Are there any impacts on Exchange Traded Options (ETOs)?

ETOs will continue to settle on T+1. However, if the exercise/assignment results in an Australian share trade, settlement will take place on T+2. In the event that your clients are short stock, they will need to buy back the stock by 2pm (Sydney time) on the day of the exercise/assignment. Please ensure your clients have sufficient cleared funds in their settlement account by the relevant settlement day.


How are corporate actions impacted by the change such as dividends?

In conjunction with the shortening of ASX trade settlement, the period between two important dates for Corporate Actions - ex date and record date will also reduce by one day.

For instance, ABC Company announces it will be paying a dividend to its shareholders. The date the company checks its share registry to determine who should be paid the dividend is known as the record date. Any shareholders on the company’s share register on this date will receive the dividend when it is paid. The ex dividend date, or ex date, is two business days before the record date. Anybody who wishes to buy the shares and receive the dividend must have purchased the shares before this ex date.

With the new settlement period, the ex date will change from two business days before the record date to one business day before the record date.


Can my clients pay by cheque?

Cheque payments for purchasing shares will still be accepted. However, it is important that your clients understand their settlement obligations outlined in our Share Trading Terms and Conditions when taking trading instructions. From 7 March 2016, the three day cheque clearance will fall outside the new ASX T+2 settlement period. To ensure your clients do not fail settlement and incur penalty fees plus fail fees, cheques must be deposited and cleared at least three business days prior to placing trades. Alternatively, they may elect to pay their trades via direct debit or BPAY payment.


What happens if my clients pay via BPAY?

Payments made via BPAY will need to be completed on the Trade Date to ensure available funds are ready on the morning of T+2.


What are the impacts to my clients if they settle trades via their Investment Loan?

Under the new T+2 settlement period, your clients’ loan balance will be updated one day earlier. Accordingly, your clients’ loan liability will be updated once the trades are executed.


What happens during the transition to T+2?

The last T+3 trade execution date will be Friday 4 March 2016. The first T+2 trade execution date will be Monday 7 March 2016. Trades executed on both these dates will settle on Wednesday 9 March 2016.


Are there any changes to the Contra policy?

Yes, the ability to offset trades on T+2 will be removed as under T+2 this will become the settlement day.

When calculating the settlement amount and the settlement date, it is important to consider the residual amount after the trades are offset. Where the second trade is a higher value, settlement will occur T+2 after the higher value trade is executed.


Where can I learn more about the ASX changes?

You can learn more about the ASX trade settlement changes on the ASX website or download the ASX settlement changes brochure.


The examples are for illustrative purposes only. The name and identifying features do not reflect any particular person; any resemblance to a real person is coincidental.

The presence of the stock mentioned should not be construed as a recommendation. No representation is given, warranty made or responsibility taken as to the appropriateness or performance of this stock.

The information in this website has been prepared without taking account of your objectives, financial situation or needs. Because of this, you should consider its appropriateness, having regard to your objectives, financial situation and needs and, if necessary, seek appropriate professional advice. If a Product Disclosure Statement is available in relation to a particular financial product, you should obtain and consider that Product Disclosure Statement before making any decisions about whether to acquire the financial product. Any securities or prices used in the examples on this website are for illustrative purposes only and should not be considered as a recommendation to buy, sell or hold. Past performance is not indicative of future performance.

This site is directed and available to and for the benefit of Australian residents only. Share Trading and Portfolio Administration and Reporting are services provided by Australian Investment Exchange Ltd (AUSIEX) ABN 71 076 515 930 AFSL 241400, a Participant of the ASX Group and Chi-X Australia. AUSIEX is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia (CBA) ABN 48 123 123 124 AFSL and Australian credit Licence 234945. Lending products under the CommSec Adviser Services brand are provided by CBA. Investment Loans are administered by its wholly owned but non-guaranteed subsidiary Commonwealth Securities Limited (CommSec) ABN 60 067 254 399 AFSL 238814, a participant of the ASX Group and Chi-X Australia.