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Are you one of the winners or losers from this year’s budget? This years federal budget is more subdued than last year’s budget, with small business and national security being the big winners. Below is the complete source of Australian Federal Budget 2015 reference documents you need to understand Treasurer Joe Hockey’s second budget, and …
Read moreFederal Budget 2015 Winners and Losers Ultimate Resource
While Greece continues to struggle to secure a deal on it’s debt obligations, Standard & Poors today (16th April 2015) have further downgraded Greece’s long & short-term sovereign credit ratings to ‘CCC+/C’ from ‘B-/B’, citing worsening economic conditions due to prolonged negotiations between the government and creditors. “Without deep economic reform or further relief, we …
The RBA Rate Indicator shows market expectations of a change in the Official Cash Rate (OCR) set by the Reserve Bank of Australia (RBA). The indicator calculates a percentage probability of an RBA interest rate change based on the market determined prices in the ASX 30 Day Interbank Cash Rate Futures. What is the RBA …
We are already in 2015 which will be an exciting year for Best Online Brokers Australia. We launched this new web site in December 2014 and many thanks to those already following our new web site, and on Twitter and Facebook. We’ll have some fantastic new brokers, offers, trading instruments and much more coming in …
Australian customers of Interactive Brokers (NASDAQ:IBKR) will be reimbursed with the fees and commissions paid to the brokerage for retail margin loans during the period between July 2010 and August 2013. The Australian Securities and Investments Commission (ASIC) has issued an announcement outlining that Interactive Brokers is preparing to refund more than 3,000 of its …
Read moreInteractive Brokers to Refund $1.5 Million in Fees & Commissions in Australia
Following an ASIC surveillance, Calibre Investments Pty Ltd will implement changes to the way it offers FX services to retail clients. The move is part of ASIC’s crackdown on the FX industry which has resulted in a number of outcomes recently. ASIC’s surveillance of Calibre, which provides managed discretionary account (MDA) services, raised concerns over …
Read moreASIC surveillance prompts FX provider to enhance compliance procedures
Floor trading in the “trading pits” (face-to-face trading) is sadly a dying art, however we do still have examples of this great art… but for how long? Examples of markets which use this system in the United States are the New York Mercantile Exchange, the Chicago Mercantile Exchange (CME), the Chicago Board of Trade, and …
