• Home
  • About Us
    • About Us
      With over 25 years of experience in the local market and the backing of a multinational trading technology powerhouse, we’re AUSIEX – one of Australia’s leading providers for financial institutions, intermediaries, advisers and industry participants.
      • Who We Are
        With an unwavering focus on delivering quality outcomes for financial institutions and intermediaries, we aspire to be Australia’s leading wholesale broker.
      • Our Team
        With decades of industry experience, our dedicated and passionate team of over 250 people are what sets our business apart.
      • Working With Us
        Interested in joining our diverse team? Take a closer look at our values and see what makes us tick.
      • Who We Work With
        We work with a wide range of clients including thousands of advisers, brokers, and many large institutions.
  • News & Insights
    • News & Insights
      Keep your finger on the pulse with Australian market updates, insights and reports, upcoming IPO listings and important news from AUSIEX.
      • Market News
        Daily market and economic updates, investment insights and reports on the Australian market.
      • IPO News
        Review current and recent Initial Public Offerings and Capital Raisings.
      • Site News
        Product news, system updates and important information related to AUSIEX website and services.
      • AXIS
        Latest industry insights on the market, investments, and trading to inspire, inform and educate.
      • Media Centre
        News, media releases and announcements from AUSIEX.
  • Products & Solutions
    • Products & Solutions
      From flexible, seamless trade execution to more efficient onboarding, reporting and customised equities administration tools, our goal is to help our clients grow their businesses with solutions that provide an edge.
      • Trading
        Trade through our website, add the power of AUSIEX to your own platform or leverage our scale with a share trading website under your own brand.
      • Client Onboarding
        Drive efficiency with a straight-through client onboarding experience through our platform or bespoke service.
      • Data & Reporting Services
        Access your data your way with detailed reports via our platform, or data feeds directly into your own platform or planning software.
      • Back Office Services
        Make our experience your advantage with AUSIEX back office solutions, tailored to fit your needs.
  • Contact Us
    • Contact Us
      Located in Brisbane, Melbourne, Perth and Sydney and servicing the whole of Australia, our experienced team are ready to help.
      • New Enquiries
        Let’s talk about how we can partner with you to help grow your business and the wealth of your clients.
      • Need Support
        Support is just a call (or click) away.
      • Forms
        All account application and maintenance forms for advisers and clients.

Termination of Chi-X TraCRs

On 18 November 2021, Deutsche Access Investments Limited (DAIL) announced it will discontinue its Chi-X TraCR offering and terminate all Series of TraCRs on 21 February 2022.

What existing holders need to do?

Existing holders of Chi-X TraCRs have three choices leading up to the termination date:

  1. Sell their Chi-X TraCRs on-market anytime up to 21 February 2022. Market makers are expected to continue providing buy/sell spreads as per current arrangements.

    DAIL will not charge a fee when TraCRs are sold on the Chi-X Market. Standard brokerage fees apply to all trades.

  2. Prior to the close of market on 16 February 2022, submit a cancellation request directly to the Registrar to convert their Chi-X TraCRs to the underlying US share. A US brokerage account will be required. Their account/custodian details will need to be provided to Link Market Services.

  3. Do nothing – After the termination date, DAIL will arrange for the sale of the underlying US shares, deduct any applicable tax, convert to AUD and pay the amount to the holder.

    Transaction costs will be incurred by DAIL in the process and be reflected in the final proceeds received. AUSIEX will not charge brokerage.

Further details

For information on why DAIL made the decision to discontinue its Chi-X TraCR offering, and what this means for your clients, you can view DAIL’s announcement.

Should you have any questions please contact the TraCR Information Line on 1300 551 346 or email tracr@linkmarketservices.com.au.

This content is for information purposes only and should not be considered as a recommendation to buy, sell or hold. No responsibility, or liability, is accepted by the Participant and its related entities for any inaccuracies contained in this notice. Investors should seek professional advice before making any decision based on this information.

Published: 10 December 2021