What's the difference between issuer and broker sponsored shares?
Issuer sponsored shares are issued directly to you from the company and are maintained by a share registry. They are identified by a Securities Reference Number (SRN) that typically starts with an “I” e.g. I0007627234. Each SRN can only have one company's holding for one holder.
Broker sponsored shares are issued to you via a stockbroker (eg Marketech Focus). They are managed within the CHESS system and are identified by a Holder Identification Number (HIN) that starts with an “X” e.g. X0009876261. Each HIN can hold multiple shares for one holder.
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Are shares purchased through Marketech CHESS sponsored?
Yes, all shares bought through Marketech are CHESS sponsored in your account name.
When will I receive my shares?
Settlement of shares purchased occurs automatically two business days after a trade takes place. This time frame is commonly referred to as T+2.
What is the difference between a "market" and "limit" order?
There are two fundamental execution options when buying or selling shares, you can place the order at market or at limit. Market Orders: These transactions will usually execute as quickly as possible at the current market price ie a SELL order will ...
What markets can be traded?
We currently support trading on the Australian Stock Exchange (ASX), National Stock Exchange (NSX) and Cboe Australia (Cboe - formerly Chi-X), although Cboe is available as an option. Regardless of whether or not you choose to subscribe to Cboe data, ...
When will I receive the proceeds from the sale of my shares?
Proceeds from the sale of a stock or listed security are settled and transferred directly into your linked Macquarie CMA on T+2 (trade date plus two trading days). However, sale proceeds are immediately included in the calculation of funds available ...