Australian (ASX) Stock Market Forum

Brokers offering aggregation/bulking to one confirmation

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mtyellowdog

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Our current broker offers consolidation of multiple buys or sells of one stock into a single confirmation at the end of the day. For instance, 20 individual buys of say CSL can be consolidated into one confirmation document at end of day. We're mainly interested in doing $200k to $300k orders and these can't be satisfied in one transaction for most stocks.
Unfortunately my broker (the AOT desk of commsec) is closing down and they are going to transfer us to their standard system which gives one confirmation per order.
I've found that Amscot and Sequoia do aggregation/bulking if you open the right sort of account with them.
Does anyone know of any other brokers that offer aggregation? If possible (but not essential), I'd rather stay with Iress Viewpoint and neither of these 2 brokers offer it.
 
I'm in exactly the same boat. As well as the consolidation issue it looks like brokerage will increase substantially also.

I can't believe they've given only two weeks notice for this change. AOT/Commsec is the only broker I've ever used and have been very happy there for many years. Please let me know if you find anything - I'd also prefer to stick with Iress Viewpoint.

Thanks!
 
Yes, about a 7 fold increase in commission for our average order size for a less satisfactory platform - and a couple of week notice after 15 years or so with them.
I see that Marketech has a 0.02% commission rate on their Focus account and that's more attractive. I'll look into trying them out.
 
I tracked down the staff that managed the AOT desk and have found them at Bell Direct Advantage A new desk to look after traders. They can offer the same Iress platform, bulk trades to one contract note and same pricing. So happy to now get the same service and offering. Must ask for Lewis or Ryan though.
 
Great news chojilr. Thanks for posting. I was hoping to track down Lewis and will talk to them on Monday.
 
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