Contra trading

When you sell ASX listed securities and want to buy other ASX listed securities, we will use the sale proceeds to cover the purchase costs for trades placed on the same day. When there are insufficient funds after offsetting sales and purchases, we will draw the shortfall from your CMA. Contra trading is only available offline through an authorised broker, not by trading via the Wrap website.

TAIS IDPS Guide

Macquarie Equities Limited: Best Execution Obligation

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Document Number TAIS01.1
This information has been prepared by Avenue Investment Service ABN 98 094 986 562/AFSL 232 406 and does not take into account your objectives, financial situation or needs. Before acting on this information you should consider whether it is appropriate to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision. Please click here for the disclaimer