Quicken stirs competition in online broking
- — 02 June, 1999 21:49
A new service launched by Quicken.com.au is hoping to snare current or potential users of the Commonwealth Bank's online stockbroking service, Commonwealth Securities.
Quicken.com.au has launched a "low-cost" online trading service called Quick.Broker, which matches the fees of Commonwealth Securities, also known as ComSec. ComSec charges a flat $29 for online trades of up to $10,000, or 0.3 per cent for online trades over $10,000.
Quicken.com.au says Quick.Broker will offer customers a range of transaction reports that are not offered by competitors, including detailed company profiles and information on upcoming floats.
The company's site (http://www.quicken.com.au) already provides live stock quotes and trading news free of charge, and since last year, has offered The Quicken Investment Centre, which is billed as a more sophisticated service offering "investment in managed funds at $49 per trade, portfolio reporting and consolidated tax statements", a statement from the company said.