Bell Direct launches share trade speed guarantee
Online share trading company Bell Direct has launched a new “placement guarantee” facility for online traders and investors.
The new facility will guarantee customers that any “at market” share trade order will be placed with the Australian Securities Exchange within two seconds, or customers will pay no fee for that trade.
The company is introducing another related innovation called the “eligibility scorecard”, a web page on the Bell Direct website where customers can track the progress and speed of orders.
By checking this web page, customers can see whether their order was placed within the two second guaranteed time, so that the process is transparent.
Bell Direct chief executive Arnie Selvarajah said the introduction of the guarantee was “particularly timely and relevant in light of the recent volatility on the share market that had triggered massive share trading volumes”.
“For active investors and frequent traders even small delays in placing orders are frustrating and potentially very costly.”
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
