Straight through order placement (MDSnews.com)
What is the Order Entry System?
The Order Entry System is a service that allows you to use the Order Pad and Order
Management plug-ins within your software. Here you will be able to submit orders
to the market, view/modify/delete unfilled orders, view completed trades, and view
Current Holding(s) and available cash.
Available Brokers
MF Global CFDs
MF Global offers the following commission structure for CFD trades.
(Please note that these rates are provided directly by MF Global. These rates may
be subject to change by MF Global.)
Commission:
On-line only - 0.125% (Minimum $10,000 in contract value applies)
Financing:
Long positions MF Global Base Rate1 +3%
Short positions MF Global Base Rate1 -3%
Free Equity MF Global Base Rate1 - 1%
1Interest is calculated at a spread over or under the MF Global base
rate. The MF Global Base Rate tracks, but does not necessarily mirrior, the Reserve
Bank of Australia Interbank Overnight Cash Rate (RBAIOCR). Current rate 7% as at
Feb 08.
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Trader Dealer Online is a subsidiary of MDS Financial Group and provides clients
with access to online broking services covering Equities, Options and Warrants.
Trader Dealer is a group of experienced and seasoned traders determined to provide
the best online and phone "straight to market" trading service available. It's designed
for everyone from the beginner trader to semi-professional and professional traders
who need the speed and flexibility of online trading backed by personalised support
on demand.
In conjunction with Leveraged Equities, Trader Dealer Online allows customers to
trade online using a margin lending facility, something that very few online trading
companies can facilitate.
If you have any questions or would like further information in relation to Trader
Dealer Online, please visit our website www.traderdealer.com.au,
contact Stephen Houraghan on 1300 853 856 or email
info@traderdealer.com.au
To join Trader Dealer and take advantage of our low charges and friendly personalised
services, click here to start your online application.
For funds in a linked Macquarie or Adelaide Bank CMT
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Total Trade Size
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Brokerage Rate (inc GST)
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Up to $200,000
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Flat rate of $33
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$200,001 to $1 million
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$33 plus 0.0275% above $200,000
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Greater than $1 million
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$253.00 plus 0.055% above $1M
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Trader Dealer charges $2.42 (incl GST) per option or
LEPO contract with a minimum brokerage of $26.40 (incl GST) for all transactions
same side, same series, same day. Confirmations (trading statements) are issued
at the end of a trading day.
Option exercise/assignment is charged at the same rate as an equity trade, where
the total trade value is the option premium.
In addition to the above, all ASX/ACH fees incurred on your behalf will be charged
to your account.
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