Online trading grows and grows
(4th November 2003 – Australia) Online trading continues to go through the roof with online broker CommSec notching up another bumper month.
CommSec recorded 477,211 trades during October, up from 431,677 in September and 400,354 in August. The value of trades for the month also broke previous records with trades worth $3.58 billion.
CommSec general manager Michael Blomfield said the broker had more than doubled its monthly trading numbers over the past six months.
"From October 2002 to April 2003, CommSec was achieving approximately 200,000 trades per month. Rising confidence in the Australian share market combined with enhancements to CommSec product offerings has seen this number more than double," he said.
"CommSec trading figures and research show investors are looking to broaden their investment portfolios and are positioning themselves for an upswing in equities. It’s not just professional investors, with Mum and Dad investors also starting to view the market as a valuable diversifying addition to their property investments."
CommSec general manager Michael Blomfield said the broker had more than doubled its monthly trading numbers over the past six months.
"From October 2002 to April 2003, CommSec was achieving approximately 200,000 trades per month. Rising confidence in the Australian share market combined with enhancements to CommSec product offerings has seen this number more than double," he said.
"CommSec trading figures and research show investors are looking to broaden their investment portfolios and are positioning themselves for an upswing in equities. It’s not just professional investors, with Mum and Dad investors also starting to view the market as a valuable diversifying addition to their property investments."
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