Macquarie DirecTrade offers trading in US shares

Macquarie Financial Services has teamed up with US online broker Ameritrade to offer trading in US shares from US$39.95. Ameritrade launched a free trading service for US investors last year called Freetrade.

Whilst the demand from local investors to trade international shares at the moment is not overwhelming, the trend to merge world sharemarkets and the growing awareness amongst local investors that Australia comprises a very small percentage of the these markets.

Trading in US shares is also available from Commonwealth Securities, TD Waterhouse, Merrill Lynch HSBC Australia, Quicken and St George Quicktrade.