Straight through processing
After your order is received by CMC Markets Stockbroking, 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 it is estimated that 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 the ‘Straight Through Processing’ system has been designed to flag any problematic orders for review by a dealer – if it is believed that you may have made a mistake, you will be contacted to verify your instructions. This extra layer of protection gives you more confidence when trading.
‘Straight Through Processing’ systems need to be verified and certified by the ASX. The CMC Markets Stockbroking system is fully certified.
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