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Australia trading

Market opening hours

  • GMT: 23:00 - 05:00
  • BST: 01:00 - 07:00
  • Local Time: 10:00 - 16:00

Please note that epic codes for all Australia listed stocks are quoted as letters.

Ticks and Tolerance

When trading on the Australian Stock Exchange you must be aware of tick sizes and tolerance levels.

Ticks

A tick size is the minimum incremental movement in the price of a stock. The minimum size of a tick is dependent on the current share price - see table below

For example:
If ABC Plc is currently trading at AUD 0.50 - AUD 0.52 any limit order must be set at 0.5 (half) cent increments.
Limit to sell at 0.50 - ok
Limit to sell at 0.501 - not ok
Limit to sell at 0.505 - ok
Limit to sell at 0.511 - not ok

Share Price (AUD)Tick Size
<0.10 0.001
0.10 - 2.00 0.005
2.00 - 998.99 0.01
>999.00 1.00

Tolerance levels

A BUY limit order can be placed up to a maximum of 20 ticks or 5% (whichever is smaller) above the last traded price. If a BUY limit order is placed greater than 20 ticks or 5% (whichever is smaller) above the last traded price, the order will be rejected by the market/exchange.

A SELL limit order can be placed up to a maximum of 20 ticks or 5% (whichever is smaller) below the last traded price. If a SELL limit order is placed greater than 20 ticks or 5% (whichever is smaller) below the last traded price, the order will be rejected by the market/exchange.

Lot size

There are no lot sizes for the Australian Stock Exchange

Types of Order

Only limit orders are permitted on the Australian Stock Exchange.

All orders placed on the Australian Stock Exchange will be placed after the opening auction which is held in the first 10 minutes of trading

Settlement

  • Settlement on the Australian Stock Exchange is T3
  • Settlement on the Australian Stock Exchange along with an FX transaction is T3
  • Settlement in stand alone FX transactions is T2

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Risks

  • The value of your investments can go down as well as up. You may not get back all the funds that you invest.
  • INTERNATIONAL TRADING: Foreign markets will involve different risks from the UK markets. In some cases the risks will be greater.
  • The potential for profit or loss from transactions on international markets or in foreign denominated currencies will be affected by fluctuations in exchange rates.
  • Performance of investment products is not guaranteed and the value of your investment may go down as well as up and you may not get back all that you invest.
  • If you are unsure about any aspects of the features or risks of these products, you should obtain advice from a qualified financial adviser.
  • International Trading Markets available and their opening.
  • TAX EFFICIENT PRODUCTS: Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.

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