To be eligible to become recognised as a SIM VSE 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 SIM VSE broker, make contact today with the SIM VSE broker office or call +61 (2) 9241 2740. A representative from the SIM VSE broker office will then contact you to talk you about key considerations for your firm.
Becoming a SIM VSE Broker will enable your firm to transact for customers on the SIM VSE but in addition possibly establish valuable new relationships in our global community of innovation and cleantech focussed investors and companies.
Additionally as a SIM VSE 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 SIM VSE 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. Members of SIM VSE benefit from an efficient and competitive clearing infrastructure. SIM VSE 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 SIM VSE 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 SIM VSE 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 SIM VSE broker and have any questions or feedback, make contact with the SIM VSE broker office or call them on +61 (2) 9241 2740.
See below to find easy to follow instructions on how to trade on the SIM VSE.
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 SIM VSE.
SIM VSE does not enter trades on behalf of broker participants. Nor can SIM VSE enter orders direct from investors. SIM VSE 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 SIM VSE 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 SIM VSE 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 SIM VSE.
SIM VSE 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 SIM VSE.
SIM VSE 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:
SIM VSE 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 SIM VSE 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 SIM VSE Trading & Technology Office.
Visit SIM VSE brokers to see the full list of member firms in Australia and around the world including up to date addresses and contact details.
SIM VSE, 5 Bridge St Sydney, NSW, 2000 Australia. +61 2 9241 2740
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