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CommSec switches on SMS Share Price and Time Alerts

25 October 2001

No need to call repeatedly for stock prices, you can now receive real-time share price information via an SMS message or e-mail.

CommSec, Australia’s largest retail broker, today launched a new Alerts service which delivers live stock prices via a text message to the mobile phones or computers of registered clients. There is no charge to become a registered client.

The service is available to clients via all mobile networks. According to Telstra OnAir Business Solutions General Manager, Doug Reid, Telstra is right behind the new service, which he says "complements Telstra’s belief that a mobile should be more than just a telephone for consumers and business".

Optus SMS Gateway has also been chosen to deliver the service, which Chris Hancock, Managing Director, Optus Business says "has been specially created for corporate and government organisations like CommSec".

"It provides a stable and powerful platform and is carrier-grade. We are pleased to be working with CommSec to extend SMS functionality to a huge user base," Mr Hancock added.

CommSec is the only broker to offer an Alerts service that enables people to receive Price and/or Time Alerts. Price Alerts are sent when a stock or index hits a pre-set trigger price. Time Alerts allow users to receive Alerts with prices for up to six stocks/indices. The Alert is sent at a specific time each day as determined by the user.

"The advantage of Alerts is that you don’t have to keep a constant eye on the market. Most Australian share investors work during market hours so they don’t have time to be vigilantly monitoring stock prices," says CommSec Director Paul Rickard.

This service offers them a relatively unobtrusive way to stay in touch. And with SMS alerts, in particular, you can be out of the office and still know what’s happening."

Each Price or Time Alert is sent to an e-mail or mobile phone number. Clients can easily update their e-mail address or mobile phone number at any time on CommSec’s web site.

An SMS message costs 22 cents. An e-mail is just 11 cents. These are nominal charges considering that the cost of a local call to find out a stock price would be around 15 cents.

This is the first scalable Alerts service in Australia and it follows a tradition of innovation for CommSec, which was the first Australian broker to offer investors affordable access to the Australian share market, the first to offer online broking and the first to make international shares available to all Australians.

The CommSec Alerts service provides prices on any ASX-listed securities, including fully paid ordinary shares, warrants, indices and company options.