REP 9 Online trading survey report
Released August 2000.
Over the past two years, use of online brokers to conduct securities transactions on the Australian Stock Exchange has grown in an extraordinary way. Retail investors have embraced online trading as a cheap and easy method to buy and sell securities.
This growth in online trading and the corresponding increase in securities trading generally by retail investors, signalled a possible concern for the Australian Securities and Investments Commission (ASIC) in terms of its responsibilities to protect and educate retail investors and promote market efficiency and integrity.
This report details the findings of a survey of online trading websites undertaken by ASIC in late March 2000.