Press Release

There is enhanced functionality available within the NETS Trader Workstation for brokers to give order entry access to authorised advisers within their firm. Broker Participants registered to execute orders on the NSXA and SIM VSE markets currently follow a process of order entry whereby only Dealing Trading Representatives (DTR) can enter and execute orders. NSX and SIMVSE rules allow the entry of orders by Advisers within a participant broker firm and then to have these orders authorised by the DTR.

The Benefits to brokers

1. Reduces risks of order entry errors
2. provides a quicker and better experience for broker clients
3. Submission of orders by Advisers into NETS allows for greater scale of orders to be processed. This means that the use of spreadsheet and email instructions can be minimised.
4. Provides the same checks and balances as currently available to DTRs for order entry.
5. Advisers can see their orders being entered and processed in a similar way to other third party applications.
6. Enabling the functionality is optional and is dependent on the policies and procedures followed by the Participant Broker.