Conditional order trigger fee removal

We’re pleased to let you know that we have removed the trigger fee on conditional orders, effective from today.

You’ll now be able to implement conditional orders on behalf of your clients without an additional fee. Please note that brokerage fees still apply as per our current fee schedule.

We’ve updated our Share Trading Terms and Conditions and Financial Services Guide to reflect this change. These documents can be downloaded from our Forms page. Please ensure you provide your newly on-boarded clients with the most recent documents dated 17 February 2018.

Conditional order strategies

Conditional orders allow you to specifically implement trading strategies on behalf of your clients. Below is a brief description of the conditional orders we offer:

  1. Falling sell: Instruction to place a sell order on the market at a limit price when the security price falls to or below a pre-determined price you have established as a trigger price.
  2. Falling buy: Instruction to place a buy order on the market at a limit price when the security price falls to or below a pre-determined price you have established as a trigger price.
  3. Rising sell: Instruction to place a sell order on the market at a limit price when the security price rises to or above a pre-determined price you have established as a trigger price.
  4. Rising buy: Instruction to place a buy order on the market at a limit price when security price rises to or above a pre-determined price you have established as a trigger price.
  5. Trailing sell: Instruction to place a sell order at a Market price when the security price rises to or above a level you have set as your trail start price; and then experiences a fall equal to or greater than the trail stop value you have set.
  6. Trailing buy: Instruction to place a buy order at a Market price when the security price falls to or below a level you have set as your trail start price; and then experiences a rise equal to or greater than the trail stop value you have set.

Please read the Share Trading Terms & Conditions for important information and risks regarding conditional orders.

Need More Information?

If you have questions or would like more information, please contact us.

Published: 19 February 2018