To be eligible to become recognised as a IR Plus Broker, a company applicant must:
Depending on the size of the company, one or more directors must:
To find out if your firm is eligible to become a IR Plus broker, make contact today with the IR Plus broker office or call +61 (2) 9241 2740. A representative from the IR Plus broker office will then contact you to talk you about key considerations for your firm.
Becoming a IR Plus Broker will enable your firm to transact for customers on the IR Plus but in addition possibly establish valuable new relationships in our global community of innovation and cleantech focussed investors and companies.
Additionally as a IR Plus Broker your firm will have the opportunity to partner with the exchange in exclusively branded marketing opportunities highlighting your position in the cleantech and renewable energy capital sector, and to promote your firm via the IR Plus Broker Directory referral service.
Firms can connect directly to the Exchange's markets. The Exchange currently offers several types of connectivity options with varying levels of management and performance. Each firm will have different requirements and we can help you choose the right form of access for your firm.
If you choose to connect directly to the Exchange you will need to have in place appropriate clearing and settlement arrangements. IR Plus can facilitate introductions with accredited clearing and settlement providers. For a list of these providers please contact the Exchange.
Brokers domiciled outside of Australia generally may participate in IR Plus in one of two ways; either as a holder of an Australian Financial Services License (AFSL) with an Australian director or agent, or alternatively, by entering into an arrangement with an existing IR Plus Broker for trade execution and settlement. [Note that this is a Corporations Law requirement rather than a discretionary position of the exchange.]
If you are an existing IR Plus broker and have any questions or feedback, make contact with the IR Plus broker office or call them on +61 (2) 9241 2740.
See below to find easy to follow instructions on how to trade on the IR Plus.
Broker participants are required to trade using the NETS direct market interface, which is installed directly on to the trader's computer. NETS compares buying and selling orders entered into the system and automatically execute trades in strict time/price priority whenever two orders match.
An alternative market interface may be used if approved by IR Plus.
IR Plus does not enter trades on behalf of broker participants. Nor can IR Plus enter orders direct from investors. IR Plus has the power to request cancellation of trades in order to maintain an orderly market.
Market data is available from a number of sources in addition to the direct market access page.
Exchange trading hours are Monday to Friday between 10am and 4.15pm Australian Eastern Standard Time.
All companies who apply to be listed on IR Plus are required to be registered for CHESS Settlement. As such, it is a requirement that a broker participant settle trades via CHESS**. The settlement of transactions on IR Plus occur using CHESS.
Settlement can be arranged by direct participation in CHESS; however there are circumstances where trades may be settled via an alternative agent approved by IR Plus.
IR Plus allocated a unique CHESS PID to each broker participant which is used to settle trades on that broker's behalf.
Settlement fees are determined by CHESS and directly passed through by IR Plus.
IR Plus is a regulated Australian Stock Exchange. One of the responsibilities of the exchange under the requirements of its market licence is to monitor broker participants. This is achieved by:
IR Plus monitors the capital adequacy of each of its brokers by receiving a monthly report detailing the capital reserves of the broker.
To update your broker profile, make contact with the IR Plus Broker Office to keep your profile information up to date and relevant or fax +61 (2) 8024 5234.
For all enquiries regarding trading and technology, make contact with the IR Plus Trading & Technology Office.
Visit IR Plus brokers to see the full list of member firms in Australia and around the world including up to date addresses and contact details.