Thursday, March 11, 2010

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ASX Data and Trading Fees

 

Online Trading Fees - Great Value for $33

 

Equities and Warrants

 

Trade Values to $200,000 are charged at $33 per Confirmation (inclusive of GST)

 

Trade Values above $200,000 up to $1 million are charged $33 plus 0.0275% of the value over $200,000 per confirmation (inclusive of GST)

 

Trade Values greater than $1 million are charged $253.00 plus 0.044% of the value over $1 million per confirmation (inclusive of GST)

 

Confirmations are issued at the end of a trading day for a buy or sell in an individual stock (the order may not be complete). If the balance of the order is filled the next day then a new confirmation would be issued and an additional confirmation charge is applied. Multiple trades up to 12 different price levels can be placed on the one confirmation on the one day.

 

Exchange Traded Options

 

$2.42 per contract/lot with a minimum of $24.20 (inclusive of GST) plus Exchange fees

Confirmations (Trading Statements) are issued at the end of a trading day.

 

Options Exercise / Assignment

 

Premium Values are charged the same as equities with an equivalent Trade Value, plus any ASX/ACH

 

Exercise/Assignment fees.

 

Non-Trading Related Charges

 

Fail Fee - Buy

 

$110.00 per day + corresponding penalty fees

 

Fail Fee - Sell

 

$110.00 per day + corresponding penalty fees + ASX fees

 

Options Fail Fee

 

$110.00 per day + corresponding penalty fees

 

Penalty Fees

 

15% p.a. on all outstanding monies

 

SRN Enquiry

 

$22.00

 

Rebooking Fee

 

$33.00

 

Off Market Transfer

 

$55.00

 

All of the above are inclusive of GST.

 

Software & Data Fees

 

The Software and Data fee for clients comprises two parts:

 

1.     webIRESS Software Fee

 

·         This is a royalty and software fee charged for clients to use the electronic trading platform supplied by Iress Market Technology and is fixed at $46.20 incl GST per calendar month (webIRESS) or

·         $5.50 incl GST (htmlIRESS) per calendar month.

 

2.     Data Fee

 

·         This is a fee charged by the ASX for viewing Live Price Data.

·         The fee is charged at the rate of 2.53 cents incl GST per minute (webIRESS) or per 2000 characters (htmlIRESS) during the hours of 9:30am to 5:00pm weekdays.

·         This fee is capped at $41.25 incl GST for Non-Professional investors and $49.50 incl GST for Professional Investors per calendar month to view both live ASX and options market prices.

 

No software or data fees are payable if a client elects not to log on to our trading platform during a calendar month.

Copyright 2009 Minc Financial Services