Surge in margin calls as All Ords falls

CommSec made about 300 margin calls last Thursday and 10 the day before. The broker's daily average is fewer than 30. Last week was a big week for margin calls as the All Ordinaries index fell under 5000 for the first time since 1996. The average number of margin calls trebled in the first quarter of this year (the most recent data available). There were 3.85 margin calls per 1000 clients according to RBA data.

Source: The Australian Financial Review