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Author Message  may Member Username: may Post Number: 1 Registered: 04-2005 Rating: N/A Votes: 0 Saturday, April 09, 2005 - 08:13 am:     For those AOT traders who may not be entirely happy since Commsec took over, a new company called Trader Dealer, owned and operated by Nexus Stockbroking Service Ltd, will be up and running (their website will be available from Monday). There is an article about this in the online version of The Age today. Commsec already charge new 'AOT' platform customers at a different rate and I believe it is only a matter of time before we will be inflicted with the same pain. I have already registered my interest as in my experience Commsec's customer service could certainly be improved.  davkell Member Username: davkell Post Number: 110 Registered: 07-2004 Rating: N/A Votes: 0 Saturday, April 09, 2005 - 11:45 pm:     CommSec, E-Trade face new challenge April 8, 2005 - 6:09PM A new online broking service has been launched to take on rivals CommSec and E-Trade, targeting the "serious investor market". The new stockbroking firm, Trader Dealer, said it was targeting the forgotten stock market players that had emerged after online broker, AOT Australia Ltd, was acquired by CommSec, a wholly owned subsidiary of the Commonwealth Bank, in November. Managing director Anthony Blumberg said the new service aimed to pick up from where AOT Online left off, offering the same pricing structure and service. "Fundamentally we have adopted the old AOT pricing structure - it was great and the AOT company was fantastic," he said. "We are starting from basically where they left off and taking it to the next level." While CommSec still offers AOT's old clients the same pricing structure, Mr Blumberg said new clients did not have access to it. "CommSec has absorbed AOT clients, but the model has shifted slightly," he said. "AOT appealed to traders because of pricing structure and personal service, two things which we will be delivering." From Monday the new broking service will charge traders a commission cost of $33 per contract note up to $1 million, with trades at up to six price points on one stock each day aggregated into one contract. A software and data rebate is also available when an investor executes more than 12 contract notes in on month. "This structure gives traders cheaper commission and more personal control," Mr Blumberg said. "Commission is cheaper than CommSec and E-Trade for the larger parcels." The new service will initially target the semi-professional to professional investor who trade at least a couple of times a week. "Our target by the end of the first year is to have around about 2000 active clients," he said. "A lot of people say there client base is 10,000 but when you actually look at it there are probably only 1000 clients who are really trading." Trader Dealer is owned by Nexus Stockbroking Service Ltd and senior staff, and will operate under Nexus's authority. © 2005 AAP Brought to you by "Trade Your Way To Financial Freedom"  captain_chaza Member Username: captain_chaza Post Number: 1142 Registered: 02-2003 Rating: N/A Votes: 0 Thursday, April 14, 2005 - 03:31 pm:     Ahoy there Does anyone have their www.? I'd like to check them out 'Seems like a very good time to do some maintainance and repairs on our craft while we have the chance as we wait patiently for some support of XAO ~ 4000 Salute Captain Chaza "While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C. "I believe the future is only the past again, entered through another gate." Sir Arthur Wing Pinero 1893 "There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897  tbreak Member Username: tbreak Post Number: 45 Registered: 06-2004 Rating: N/A Votes: 0 Friday, April 15, 2005 - 12:43 am:     (Message edited by tbreak on April 15, 2005)  davkell Member Username: davkell Post Number: 112 Registered: 07-2004 Rating: N/A Votes: 0 Friday, April 15, 2005 - 12:45 am:     Try: http://www.nexusbroking.com.au/index.asp for the Nexus company. http://www.traderdealer.com.au/ for the Trader Dealer.... just came online. I haven't looked too hard at it yet! "Trade Your Way To Financial Freedom"  hazluk Member Username: hazluk Post Number: 173 Registered: 09-2002 Rating: N/A Votes: 0 Tuesday, July 26, 2005 - 04:00 pm:     Guys this looks great - almost identical to the AOT service except Unlike AOT, it is the ONLY broker in Australia with whom you can submit Short Sell orders of physical stock ON-LINE i) No on-line options trading (yet) AND Software Fee: Fixed at $55.00 (inc GST) compared to AOT's $35 Like AOT, a Data fee as follows applies Data Fee: This is an ASX Royalty charged by the ASX for viewing Live Price Data. The fee is charged at the rate of 2.53 cents (inc GST) per minute during hours 9:30am to 5:00pm weekdays. This fee is capped at $38.50 (inc GST) per month for live ASX prices. A screen saver is activated after 5 minutes to help clients reduce their Data fee. No software fee is charged if 12 or more contract notes are generated for the month No software or data fee is charged if 20 or more contract notes generated for the month This account (I'm assuming it'll be the same as the old AOT because it's run by former AOT staff) would appear best suited to professionals/semi-professionals OR people who i) Manage more than one portfolio (eg Individual, Partner ie spouse, Company, Trust & DIY Super, children etc) - all accessed via one user & account Id &/OR ii) Have a large capital base (where economies of scale & trades of > ~$25,000 come into play) with a flat brokerage of $33 applying to trades up to $1 million &/OR iii) Are consummate day traders with up to 6 trades at different price levels for the same stock on the one contract note &/OR iv) Like to use automated stop buy &/or sell orders FREE of charge. Some of the following may also apply to other brokers who also use the Web Iress Platform i) Straight thru processing & Dynamic live on screen viewing of trades which also highlights where your order sits in the queue ii) Live Charting iii) ON-Line trading thru a margin lender (in Traderdealer's case - either Leveraged Equities or ANZ Margin Lending) And no, I'm not a paid spruiker for these people. Just a thankful former AOT client, who is ready to jump just in case 'the bank that swallowed AOT' starts to fiddle around with the existing arrangements. (& Traderdealer's on-line short selling facility looks awfully enticing) (PS: Don't forget to double check ALL the above by going to http://www.traderdealer.com.au/shorting.php )

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