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Green light for new Aussie gateway to US stocks, Apple Inc

Joyce Moullakis
Joyce MoullakisSenior Reporter

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Australian investors hungry for global stocks will have local trading access to tech giant Apple, and as many as 30 US names by mid 2019, as Chi-X Australia pushes the green light on a project that involved three years of planning.

The Apple trading will be available through "transferable custody receipts" (TraCRs) from Thursday. They are a new product which facilitates the trading of stocks like Apple in Australian dollars and on the Chi-X local exchange.

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Joyce Moullakis wrote on banking and finance, specialising in Investment Banking, Private Equity, Financial Services. Connect with Joyce on Twitter. Email Joyce at jmoullakis@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/green-light-for-new-aussie-gateway-to-us-stocks-apple-inc-20181003-h166tn