After your order is received by our website, it takes just seconds for it to be on the market. This speed could save you considerable money by allowing you to take advantage of trading opportunities as soon as you identify them. This is called ‘Straight Through Processing.’
Some online trading systems require a dealer to check your order is valid before sending it onto the market. This can delay your order and, in a turbulent market, this could result in missed trading opportunities. In some cases, the dealer needs to re-enter the order details onto the market terminal, which makes the process even slower and increases the risk of error.
CMC Markets Stockbroking employs a ‘Straight Through Processing’ system. The order is checked and validated by a computer and – if it passes all the validation rules – the order is sent directly to the market. Using this process we estimate 98% of orders are sent to the market in seconds.
Even the most careful investor can make a mistake, and an extra zero or a misplace decimal could be disastrous to your portfolio. That’s why our ‘Straight Through Processing’ system has been designed to flag any problematic orders for review by a dealer – if we think you may have made a mistake, we will contact you to verify your instructions. This extra layer of protection gives you more confidence when trading with CMC Markets Stockbroking.
‘Straight Through Processing’ systems need to be verified and certified by the ASX. Our system is fully certified.
