International Investments

More information - Australian

International Trading

More Information - Australia Stock Exchange

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

Market opening hours

TIME ZONE

OPEN

CLOSED

GMT

23:00

05:00

IST

01:00

07:00

Local time Australia

10:00

16:00

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.

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

For example:

If ABC Plc is currently trading at AUD0.50 - AUD0.52 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

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 T+2 (shortened from 3 days to 2 days from 7 March 2016).

Settlement on the Australian Stock Exchange along with an FX transaction is T+2.

Settlement in stand alone FX transactions is T+2.

Which account do I need to trade on the Australian Market?

You can trade on the Australia Stock Exchange with a Trading Account.