This is an old revision of this page, as edited by 140.168.69.166 (talk) at 06:02, 25 May 2007 (Added info on ProTrader and link). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 06:02, 25 May 2007 by 140.168.69.166 (talk) (Added info on ProTrader and link)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Commonwealth Securities is a discount stockbroking firm operated by the Commonwealth Bank of Australia, one of Australia's top four banks. The brokerage arm started operations in 1995.
Commonwealth Securities, also known as "CommSec" or "ComSec", has been highly successful as a discount broker attracting many "mums and dads" (retail) investors. It offers a telephone based brokerage service and advisory service, though its Internet trading platform constitutes the vast majority of its business.
CommSec initially offered only Australian equities trades, but has since expanded into derivative products, international equities, managed funds, Self Managed Super Fund administration, Contracts-For-Differance and margin lending. The firm's large retail customer base has also allowed it to successfully market a number of Initial public offering fund raisings.
While standard CommSec traders use the static website, frequent equities and options traders use a realtime trading platform named "Professional Trader" or ProTrader. This software combines all the features of the website adding more features (primarily focused on charting) and streaming live data from the Australia Stock Exchange.