A Broker...
A broker is a person or an individual having the license to trade
in shares and having direct access to the share market. He is
basically an agent in your share transactions. He acts as a middle-man
for the transaction to take place and is responsible for
the deal.
A firm acting as a broker is called as a brokerage.
People usually consult a broker or a brokerage before striking
a deal in the share market. Brokers help you in making a decision
regarding buying and selling of shares. They charge fees which
is actually a commission depending on the amount of your
deal.
CFD Brokers perform some of the following functions:
Fund Execution:
They provide funds with,
- 24 hour access to the global markets
- Execution, clearing and give-up services
- Online or telephone trading
- Online reports designed to help fund administrators
CTA/ CPO services:
Brokers act as Commodity Trading Advisors and Commodity Pool Operators.
Clearing:
Brokers help in clearing activities from any part of the world
with any time zone.
Currency Hedging:
They construct hedging strategies for big corporate clients having
exposure to currency fluctuations, using forwards and options
and spot.
Some of the CFD broking companies in Australia are as listed below
- E*TRADE Australia
Level 7
10 Bridge Street
Sydney NSW 2000
Ph: 1300 658 355
- BrokerOne
Level 10
55 Clarence Street
Sydney NSW 2000
Australia
Ph: Toll Free (Within Australia): 1300 800 300
Administration: +612 8272 7550
Fax: +612 9247 4049
Email: b1@brokerone.com.au
- Man Financial Australia Ltd.
Level 21, Grosvenor Place
225 George Street
Sydney
NSW 2000
Australia
Ph: + 61 2 8273 8822
Fax: + 61 2 9247 3267
Email: sydney@manfinancial.com.au
- Man Financial Australia Ltd.
Level 27, Waterfront Place
1 Eagle Street
Brisbane
QLD 4000
Australia
Ph: + 61 7 3016 8100
Fax: + 61 7 3236 4531
Email: brisbane@manfinancial.com.au
- Sanford Securities
Australian Investment Exchange Ltd
PO Box 7428
Cloisters Square WA 6850
Australia
Ph: 1300 360 892
- Bell Potter
Level 29
101 Collins Street
Melbourne VIC 3000
Australia
Ph: +61 3 9256 8700
- Commonwealth Securities
Locked Bag 22
Australia Square NSW 1215
Australia
Ph: 13 15 19