Online trading

An optional feature of Macquarie Prime is the ability to borrow to invest - gearing. 

You can elect to have loan facility switched on or off. Macquarie Prime offers lending over more than 750 ASX listed securities. A highlight is that the gearing level is variable so when you use the loan facility to buy shares you can determine how much of your own funds you want to commit. This means you are effectively choosing the gearing level that suits your personal preference - from zero to 95%^±.

The margin required for a position with Guaranteed Stop Loss (GSL) protection can be as low as 1% when a GSL is utilised.

To request a stock be added to our shorting list, please email us at prime@macquarie.com.au. Please note that this list of shares is subject to change. If you have any questions regarding this information please contact us.

Maximum Gearing levels are subject to the margin required for a particular position and may vary depending on the share.

Transferring your portfolio into your Macquarie Prime Facility is a simple process. If you have a current investment loan against your share portfolio you can apply to refinance this loan into you Macquarie Prime Facility. 

• Current list of shares available

Macquarie CFDs are fully integrated within the Macquarie Prime facility which offers an all in one facility for online trading, gearing, risk management tools and a cash account. Your CFDs and share positions can be held and transacted on the one platform. This integration offers you the advantage of margin offset.

CFDs allow you to protect your share positions with short CFDs. If you hold a long share position in your Prime Facility, you can hedge that position with a short CFD trade. The hedge can be tailored to the exact number of shares that you own.

Generally, you will not require further margin deposits for the short CFD position^#. This is due to cross-margining because your shares effectively act as margin for the short CFD position.

CFDs are offered via the Direct Market Access (DMA) model. We believe DMA offers you the most transparent pricing and cost structure.

Macquarie's unique Guaranteed Stop Loss (GSL) protection shields you against unexpected adverse share price movements during the GSL period. A GSL guarantees a worst case exit price for a CFD position during the GSL period and can allow you to increase your leverage.

CFDs are a relatively low cost trading vehicle with trading fees starting from $19.95 to open or close a CFD position.

• a share has a margin rate of 5%
• you only need to deposit 5% of the total face value of the position

ETFs assist investors with diversification by establishing a portfolio through a single security. ETFs can be used to create a diversified portfolio or compliment an existing portfolio.

ETFs allow you to access investment opportunities that may otherwise be unavailable to you, such as global or country specific index trackers.

ETFs are traded on the ASX and may offer greater liquidity than most unlisted managed funds. ETFs can be traded during ASX market hours at market prices rather than NAV per unit. This means that you can get in and out of an investment in ETFs just like shares.

An ETF will change in value as the underlying portfolio of assets changes in value. ETFs can also provide an income stream through distributions. You should be aware that while ETFs allow you to gain exposure to one or more indices, ETFs may not track a particular index exactly due to, for example, management fees.

ETFs typically have lower operating costs and management fees than more actively managed funds.

Exposure	ASX Code	Fund Name	Underlying Strategy	Margin rate*
Asia	IAA	iShares S&P Asia 50	The index covers the large-cap constituents in Hong Kong, Korea, Taiwan and Singapore.	45%
Emerging Markets	IBK	iShares MSCI BRIC	Reflects the performance of four emerging markets: Brazil, Russia, India and China.	55%
Global Emerging Markets	IEM	iShares MSCI Emerging Markets	Leading companies in 22 emerging countries and 10 industry sectors.	17.50%
Europe	IEU	iShares S&P Europe 350	350 stocks in 17 European markets and 10 industry sectors.	17.50%
Hong Kong	IHK	iShares MSCI Hong Kong	Reflects the performance of the Hong Kong equity market.	17.50%
US	IJH	iShares S&P MidCap 400	US stocks capitalised at US$1bn to US$4bn.	17.50%
Japan	IJP	iShares MSCI Japan	Reflects the performance of the Japanese equity market.	17.50%
US	IJR	iShares S&P SmallCap 600	US stocks capitalised at US$300m to US$400m.	17.50%
South Korea	IKO	iShares MSCI South Korea	Reflects the performance of the South Korean equity market.	25%
Global	IOO	iShares S&P Global 100	100 large transnational companies with minimum capitalisation of US$5bn.	17.50%
US	IRU	iShares Russell 2000	The Index is capitalisation-weighted and consists of the 2000 smallest companies in the Russell 3000 Index.	17.50%
Singapore	ISG	iShares MSCI Singapore	Reflects the performance of the Singaporean equity market.	17.50%
Taiwan	ITW	iShares MSCI Taiwan	Reflects the performance of the Taiwanese equity market.	17.50%
Australasia Europe Far East	IVE	iShares MSCI EAFE	Reflects the performance of European, Australasian and Far Eastern markets	17.50%
China	IVV	iShares S&P 500	US large-cap stocks across a range of industries.	17.50%
China	IZZ	iShares FTSE/Xinhua China 25	The Index consists of 25 of the largest and most liquid Chinese companies. All of the securities in the Index trade on the Hong Kong Stock Exchange.	17.50%
Global	VEU	Vanguard All-World ex-US Shares Index	Tracks the performance of the FTSE All-World ex-US Index.	55%
US	VTS	Vanguard US Total Market Shares Index	Tracks the performance of the MSCI US Broad Market Index	45%
Global	WXOZ	SPDR S&P World ex Australia Fund	Aim to closely replicate the performance of the S&P Developed ex Australia LargeMidCap AUD Index	100%

Exposure	ASX Code	Fund Name	Underlying Strategy	Margin rate*
Australia	BEAR	Betashares Australian Equities Bear Hedge Fund	Aims to replicate the inverse performance of the ASX 200 Australian shares	70%
Australia	ETF	UBS Iq Research Preferred Australian Share Fund	Aims to replicate the performance of the UBS Research Preferred Index before fees and expenses.	100%
Australia	ILC	iShares S&P/ASX 20	Aims to replicate the performance of the top 20 Australian Shares	10%
Australia	IOZ	iShares MSCI Australia 200	Aims to replicate the performance of the top 200 Australian Shares	25%
Australia	ISO	iShares S&P/ASX Small Ordinaries	Aims to replicate the performance of the ASX Small Ordinaries Index	70%
Australia	RDV	Russell High Dividend Australian Shares Fund	Designed to track the performance of the Russell Australia High Dividend Index by investing in around 50 blue chip Australian companies with a strong emphasis on higher dividends.	35%
Australia	SFY	SPDR S&P/ASX 50 Fund	Aims to replicate the performance of the top 50 Australian Shares.	35%
Australia	SSO	SPDR S&P/ASX Small Ordinaries Fund	Aims to replicate the performance of the ASX Small Ordinaries Index	70%
Australia	STW	SPDR S&P/ASX 200 Fund	Aims to replicate the performance of the top 200 Australian Shares.	5%
Australia	VAS	Replicate the performance of the top 300 Australian Shares.	Aims to replicate the performance of the top 300 Australian Shares.	35%
Australia	YMAX	Betashares Aus Top20 Equity Yield Max Fund (M Fund)	Aims to replicate the performance of the top 20 Australian Shares	10%

Exposure	ASX Code	Fund Name	Underlying Strategy	Margin rate*
Australian Mining	DGA	Digga Australian Mining Fund	Aims to track the performance of the Chimaera Australian Mining index	100%
Australian Energy	ENY	AII S&P/ASX 200 Energy	Aims to replicate the returns and characteristics of the S&P/ASX 200 Energy Index	100%
Australian Financials	FIN	AII S&P/ASX 200 Financials	Aims to replicate the returns and characteristics of the S&P/ASX 200 Financials Index.	100%
Australian Financials excluding A-REIT Index	FIX	AII S&P/ASX 200 Financials	Aims to replicate the returns and characteristics of the S&P/ASX 200 Financials	100%
Australian Industrials	IDD	AII S&P/ASX 200 Industrials	Aims to replicate before fees the returns and characteristics of the S&P/ASX 300 metals and mining Index.	100%
Australian High Dividend	IHD	iShares S&P/ASX High Dividend	Aims to replicate the performance of the high dividend paying common stocks from the S&P/ASX 300	25%
Global Consumer Staples	IXI	iShares S&P Global Consumer Staples	Provides exposure to the world’s leading providers of consumer staples, such as Procter & Gamble, Nestle and Unilever.	45%
Global Healthcare	IXJ	iShares S&P Global Healthcare	Provides exposure to global healthcare and biotechnology companies, such as Johnson & Johnson and GlaxoSmithKline.	45%
Global Telecommunications	IXP	IShares S&P Global Telecommunications	Provides exposure to the world's largest suppliers of telecommunications, such as Vodafone and Telefoonica SA.	45%
Australian Metals & Mining	MAM	AII S&P/ASX 300 Metals and Mining	Aims to replicate before fees the returns and characteristics of the S&P/ASX 300 metals and mining Index.	100%
Australian Financials excluding A-REIT Index	OZF	SPDR S&P/ASX 200 Financials Ex A-REIT Fund	Aims to replicate the price and income performance of the S&P/ASX 200 Financials-x-A-REIT Index, before fees and expenses.	25%
ASX 200 Resources Index	OZR	SPDR S&P/ASX 200 Resources Fund	Aims to replicate the returns and characteristics of the S&P/ASX 200 Resource Index.	25%
Australian Financials excluding A-REIT Index	QFN	BetaShares Financials Sector ETF	Aims to track the price and income performance of the S&P/ASX 200 Financials	25%
ASX 200 Resources Index	QRE	AII S&P/ASX 300 Metals and Mining BetaShares Resources Sector ETF	Aims to track the price and income performance of the S&P/ASX 200 Resources Index, before fees and expenses	25%
ASX 200 Resources Index	RSR	AII S&P/ASX 200 Resources	Aims to replicate before fees the returns and characteristics of the S&P/ASX 200 Resource Index.	100%
Australian High Dividend	RVL	Russell Australian Value Etf	Aims to provide value based exposure on ASX listed securities	70%
Australian Listed Property	SLF	SPDR S&P/ASX 200 Listed Property Fund	Aims to replicate the performance of the LPTs in the ASX 200	45%
Australian High Dividend	SYI	SPDR MSCI Australia Select High Dividend Yield Fund	Aims to replicate the performance of the MSCI Australia Select High Dividend Yield Index	25%
Australian Property	VAP	Vanguard Australian Property Securities Index ETF	Aims to replicate the inverse performance of the S&P/ASX 300 A-REIT Index	35%
Australian High Dividend	VHY	Vanguard Australian Shares High Yield ETF	Aims to replicate the performance of the FTSE® ASFA Australia High Dividend Yield Index	25%
Australian Large Companies	VLC	Vanguard MSCI Australian Large Companies Index ETF	Aims to replicate the performance of the largest Australian companies on the ASX	55%
Australian Small Companies	VSO	Vanguard MSCI Australian Small Companies Index ETF	Aims to replicate the performance of the smaller Australian companies on the ASX	100%

Exposure	ASX Code	Fund Name	Underlying Strategy	Margin rate*
Income	AAA	Betashares Australian High Interest Cash ETF	Aims to provide attractive and regular income distributions	5%
Income	BOND	SPDR S&P/ASX Australian Bond Fund	Aims to replicate the Australian Fixed Interest Index	100%
Income	GOVT	SPDR S&P/ASX Australian Government Bond Fund	Aims to replicate the S&P/ASX Government Index	100%
Income	IGB	iShares UBS Treasury Index Fund	Aims to replicate the USB Treasury Index	100%
Income	RCB	Russell Australian Select Corporate Bond ETF	Aims to replicate the DBIQ 0-3 year Investment Grade Australian Corporate Bond Index	100%
Income	RGB	Russell Australian Government Bond ETF	Aims to replicate the DBIQ 5-10 year Australian Government Bond Index	100%
Income	RSM	Russell Australian Semi-Government Bond ETF	Aims to replicate the DBIQ 0-5 year Australian Semi-Government Bond Index	100%
Income	VAF	Vanguard Australian Fixed Interest Index Etf	Aims to replicate the return of the UBS Composite Bond Index	100%
Income	VGB	Vanguard Australian Government Bond Index Etf	Aims to replicate the UBS Government Bond Index	100%

Exposure	ASX Code	Fund Name	Underlying Strategy	Margin rate*
Silver	ETPMAG	ETFS Physical Silver	Provide a return equivalent to the silver spot price.	100%
Palladium	ETPMPD	ETFS Physical Platinum	Provide a return equivalent to the palladium spot price.	100%
Platinum	ETPMPT	ETFS Physical Silver	Provide a return equivalent to the platinum spot price.	100%
Gold	GOLD	ETFS Physical Gold	Provide a return equivalent to the gold spot price	25%
Oil	OOO	BetaShares Crude Oil Index ETF- Currency Hedged (Synthetic)	The investment objective of the Fund is to track the performance of the S&P GSCI Crude Oil Index Excess Return hedged into Australian dollars, plus an interest component, before fees and expenses.	45%
Agriculture	QAG	Betashares Agriculture Etf-Currency Hedged	Aims to replicate the performance of a basket of the most significant agricultural commodities	35%
Currency Hedged Gold Bullion	QAU	BetaShares Gold Bullion ETF	ETF aims to track the performance of the price of gold bullion, with a currency hedge against movements in the AUD/USD exchange rate, before fees and expenses	35%
Commodities	QCB	Betashares Commodities Basket Etf-Currency Hedged	Aims to replicate the performance of a diversified basket of commodities	35%

Exposure	ASX Code	Fund Name	Underlying Strategy	Margin rate*
Euro	EEU	BetaShares Euro ETF	The ETF aims to track the change in price of the Euro relative to the Australian dollar, before fees and expenses.	35%
Pound Sterling	POU	BetaShares British Pound ETF	The ETF aims to track the change in price of the British Pound relative to the Australian dollar, before fees and expenses.	35%
US Dollar	USD	BetaShares US Dollar ETF	The ETF aims to track the change in price of the United States dollar relative to the Australian dollar, before fees and expenses.	17.5%

For example, you decide that at $25.50, XYZ is undervalued and that the share price will rise in the short term. You decide to buy 1000 XYZ shares.

After six weeks, XYZ has risen to $27.50 and you decide to sell your shares. 

You have realised a gain on your long position of:

Gross Gain

= (Sale Price - Purchase Price) x Quantity
= (27.50 - 25.50) x 1,000
= $2,000

Note that this example does not include the effects of interest, fees or taxes.

For example, shortly after closing your long position, you decide that at $28.00 XYZ has become overvalued.

You decide to take out a short position and sell 1000 XYZ shares.

Two weeks later the price of XYZ has fallen to $27.00 and you decide to buy back her position.

The following gain has been realised on the short position:

Gross Gain

= (Sale Price - Purchase Price) x Quantity
= (28.00 - 27.00) x 1000
= $1,000

Note that this example is intended to show only a basic potential return from shorting. It does not include the effects of interest, fees or taxes.