Daily Trading Volume and Discount Share Trading on Multiple Trades

GREAT VALUE: One Confirmation Note for up to 12 Executed Prices

Trading through Minc is more cost effective.

Most brokers charge brokerage on a per order basis.

Minc recognises that you may wish to spread your purchases and sales over a day and feel that a decision to do this should not be unduly impacted by having to pay for your trades on a per order basis.

In order to achieve this goal, Minc waits until the end of the trading day and amalgamates your buy trades in a particular stock (e.g. BHP) at the end of the trading day into one confirmation for up to 12 executed prices.

Accordingly, your sell trades in a particular stock (eg BHP) are also amalgamated at the end of the day into a second confirmation for up to 12 executed prices.

In this way you can "split" large orders and spread your trading over the day knowing that you will not be incurring additional brokerage. Less confirmations means great savings for active traders.

Confirmations

Confirmations are issued at the end of the trading day for any transactions that occur that day.

An individual Confirmation is issued for a buy or a sell in an individual stock, and is issued irrespective of whether an order is deemed to be complete, i.e. you wished to purchase 1,000 shares and only 800 are completed.

If the balance of this order is filled the next day then a new confirmation would be issued for the purchase of the remaining 200 shares, i.e. in this situation two confirmations would be generated on different days thus resulting in two brokerage charges of $33.

Multiple trades at up to 12 different price levels can be placed on one confirmation.

Further trades at additional price lines will appear on a second confirmation on which brokerage will also be charged.